How to list an academic award received multiple times on CV
The name of this award is directly misleading. That's on the university. I would simply state "Recipient of full-ride academic scholarship 2015, 2016, 2017. Awarded for maintaining at least a 3.85 GPA over the previous two semesters of each school year."

This is the most likely way to convey the meaning you want. It is clearer to just state what the award actually entailed. This will always translate across regions and schools. 

I remember seeing an application of one student that stated she was the "Donald M. Knudsun Honor recipient." This turned out to be a $100 gift certificate to Knudsun's, a local steak house. (I knew Don Knudsun owned a steak house, so it sounded like a weird award to begin with, hence my inquiring into the details). It had essentially nothing to do with her academics. You won the award for answering trivia while eating bratwurst.