Screwed up big time this semester

This was my first year working over full time along with full time class as well, and it was pretty much fuck. My gpa is going from a 3.4 to a 3.05 in one semester. I can't even figure out whether I want to dish out $2500 so I can drop the classes or just take the F's and work my GPA back up. I didn't pass a single fucking class. I've never done this bad in school in my entire life. On top of that, most of my friends are graduating next semester (when I was supposed to graduate), and because I did so shitty this year, I'll be an entire year late. Last of all, in order to keep my scholarship, I will need to take classes over next summer, the summer I'm getting married, the summer I was supposed to go on my honeymoon, and now I can't, because life is fucking cruel.

encouraging words needed.

Fortunately I have a job lined up next year, a computer science co-op position. They've already accepted me, I just have to wait for my citizenship to file since it's a defense company and they won't hire legal resident aliens. However, the co-op itself is sort of a probationary period, where once I graduate, they will decide whether to keep me as an employee or not. If shit hit the fan and I ended up not becoming an employee at the end, I don't want a sub-par GPA from dragging me down.

I've just never done this bad. It was a giant slap across the face. This is pretty much rock bottom for me in regard to my life at university so far. And the missus is the only thing keeping me sane right now. I'm happy that I know she'd still stick by my side even if I dropped out of school and became a pot farmer. Hopefully it doesn't come to that, though.

So here is my predicament. I can either late drop the classes and not affect my GPA, but this will cost me about an extra $1800 in loans to pay off after school. Or I can take two F's, my gpa drops to 3.03, and hopefully I'll get it back a ~3.3 before I graduate. Not good enough to work for microsoft, but at least it's still something. Or I can take out an expensive loan to try and maintain a better GPA. There's the tradeoff...

try and aim for a 3.5+ GPA by graduation, at the cost of an extra ~$2000 to pay off after school,

or

settle with a 3.0-3.2, save myself $2000 after graduation.

(scholarship only pays for classes I keep, not the ones I drop)

also, I have to wonder how much my GPA will really matter anyway from a university that is ranked like 97th in the country.