Drop the class and audit it, then re-take it in the fall. Take it as a lesson learned. A failing grade is a huge drag on your GPA. If you have the opportunity to withdraw without a penalty, take it.
It sounds like you have an understanding prof. I bet if you talk to him/her, auditing and re-taking would not be a problem.
editing for a stupid spelling error.
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The difference between theory and reality is that in theory there is no difference.
"God made man, but he used the monkey to do it." DEVO
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