Do your best not to fail this class. How much time do you have before the final? Can you meet with the professor during that time, to better understand her expectations? Can you get a tutor? Do your best to salvage the class. Know that it may be too late to do so - but that it’s worth trying.
As you do all that, find out what the terms of your scholarships are. We can’t tell you if you’d lose your scholarships for one F, because we don’t know what the terms of your scholarships are. Find that out. At the same time, find out if getting any Ws in the future impacts your scholarships. That way, you’ll know. Never assume this stuff - always find out.
Talk to your adviser now about what you should do if you do fail this one class. I’m thinking it might be best not to retake it - to instead, take another class that fits this same requirement, but which suits you better. But talk to her about that.