That pretty much means it would be impossible to lose your scholarship. Back when I was applying to law schools I got a scholarship offer from them and it required that I maintain a 3.3.
And if you got that sweet of a scholarship offer from them, it probably means that they really want you. And if DePaul really wants you, it probably means that a tier 1 sort of wants you. I'd skip DePaul and go to the tier 1, unless you want to work in Chicago. Then I'd stay at DePaul.
Are they still sending out t-shirts?