UCI Academic Dismissal Chance?

Hello everyone,
I just received an email saying “Your academic record has been carefully reviewed. I am sorry to inform you that you have not met minimum academic standards for the University of California, Irvine. You may be disqualified from further attendance at the University of California, Irvine, effective the end of Fall 2016, unless you submit an acceptable appeal letter as detailed in the enclosed guidelines. Your appeal and any supporting evidence must be submitted in writing by Monday, January 9, 2017, to me at:”

I’m currently a sophomore and I did really well on my first 3 quarters of my freshman year (almost all A’s) and this quarter I failed 2 classes (2 Fs) and got one C+. My GPA dropped from 3.8 to 2.9. The reason for this is because I signed a housing contract back in my freshman year which was a BIG mistake that required me to pay housing during the summer and my mom was unemployed so the financial stress took hold of me for the whole summer to the point I was maximizing my credit and my mom’s credit. Now this affected my fall quarter because I was too stressed out about paying my mom back since she has to pay her credit cards as well as her rent that I was only eating 1-2 meals a day because I used some of the financial aid money to pay her back and since the transition for this year is way different than it was last year, I didn’t really have time to get a job or to even work a job so I resorted to making money online to the point that I was staying up late just to do them. Anyways, when I didn’t do well on all my midterms, I realized I had to change which I did by doing the things I did my freshman year so I can be successful again but by this time, it was too late. The lectures were more difficult to understand because they required knowledge of early chapters and the time it took to learn these from the start were so time consuming that I was just sleeping for 2-5hours a day. Because of this, I was just fatigued by the time finals arrived that I missed two finals because my lack of sleep finally caught up to me.

This is not the appeal I will submit but the problem will look something like this but more polished, so I was wondering if I have any chances of requesting for them to reconsider my dismissal? I really feel like I can still do well since I have gotten more used to my transition as a sophomore year and still have a 2.9 GPA and retaking the courses I failed replaces the Fs I got on them so I can just get back to the 3.5+ GPA really quickly.