I am currently failing all my classes and passing is out of the question at this point, so do I just take the F's or do I withdraw them?? How long or when would I be able to recieve financial aid again??

I plan on paying out of pocket this coming fall semester at a hometown community college. I have already applied and been accepted. I was placed on financial aid probation from my 1st semester at a different community college and acknowledge that I've lost financial aid.