Will my admission and scholarship get rescinded?

I currently have a failing grade in my senior year calculus class, and while I already have the required math credits to graduate, as well as a passing grade in my second math class (AP Statististics), I am worried that I may get rescinded or lose my Chancellor’s and Provost’s awards. I have read that PSU only looks at whether or not you graduated (which I will even if I do not pass calculus), but I was wondering if anyone else has/had any similar situations, and what the outcome may be for me if I decide to just fail the class and not get the credit.