Being put on academic probation isn't any fun, my sympathies. I had the same problem when I was in university, but I wasn't studying anything as strenuous as music (and practice heavy!)

It IS quite common to be put on probation. It looks like you're doing everything in your power to set things straight again. That's fantastic! If you haven't already done it, maybe also meeting with fellow students would also be helpful. At the very least it will cement your desire to continue in music!

My parents were not at all happy that I wanted to do psychology. But it's your decision, and if it makes you happy - then that's what matters. Really (IMO).