Most likely not. It depends on your GPA. I am surprised they let you come back for a 3rd semester.
Why are you failing? Have you changed anything this semester?
Have you tried the tips in this post.
http://talk.collegeconfidential.com/college-life/1920853-college-is-a-step-up-from-hs-16-tips-on-doing-well-in-college.html