FIST PUMPING HAS A PRICE!

Looks like fist pumping has a cost!

According to TMZ...

Officials running a study abroad program in Italy are FURIOUS over rumblings that one of their students partied ON CAMERA with the "Jersey Shore" crew ... and now the school has issued an ultimatum -- stay away from the guidos or be expelled from the program!

The University of Florida sent out an email to students participating in their study abroad program in Italy -- which states "any student who does agree to participate in the filming of the show, or who signs a waiver or legal agreement of any sort with MTV, will be dismissed from the program immediately."

TMZ obtained the email -- warning the students that any action deemed potentially embarrassing to the school "will not be tolerated."

The school has also threatened to contact the student's parental units to inform them why the school would be kicking them to the curb.


TMZ UPDATE:

The UF is now changing their tune ... TMZ spoke with Janine Sikes, UF Director of Public Affairs, who tells us, "Generally speaking, students may participate in activities outside their Study Abroad program as long as they meet the academic and living requirements of that program."

Sikes explained ... the university acknowledges that a school administrator DID send the original email to students ... but now states, "This is a reversal of the UF administrator’s position."