A student may, with the consent of his instructor and the Dean, drop a subject by filling out the prescribed U.P. Form No. 26 before 3/4 of the prescribed semester term has elapsed. Any student who drops a course without the approval of the Dean shall have his registration privileges curtailed or entirely withdrawn. If a subject is dropped after the middle of the term, the faculty member concerned shall indicate the date and the class standing of the student of the time of dropping as either “PASSING” or “FAILING”, solely for administrative guidance.