Complex sentence: With his parents constantly working, he found college life pleasurable and socialized more than studying, which caused his grade point average to slip below a 2.0, causing him to lose the Nevada Millennium Scholarship.
Split into simpler sentences: With his parents constantly working, he found college life pleasurable. His socializing more than studying caused his grade point average to slip below a 2.0, which prompted him to lose the Nevada Millennium Scholarship.