Thanks for the responses. @KEEPITREAL: I'd love to talk with you offline (by email or phone); you're a former Enrollment Counselor, I take it?
Re: "REG" status -- former campus directors who left 2 to 3 years ago that I've talked to told me about the "Temporary Drop" status, and APOL management has an official statement made to a journalist recently on the subject, which I'd love to discuss with someone in the know, in private. (Email or phone.)