Is an academic disqualification an expulsion?

I was academically disqualified recently due to an insufficient GPA because of my own mental health struggles but I wanted to know if this means I’m no longer a student at ASU? Does this mean I won’t be able to take out any loans? This worries me a lot and it feels like my life is over. My parents will kill me

Edit: Also, I’m from out of state so would it be easier to apply at a community college and do some courses there until the summer or fall semester when I’ll be eligible to continue my studies at ASU as opposed to just moving back to my home state for the spring semester. I’m also off campus and I live in an apartment with 1 roommate.