Suspended from college!! should i kill myself or runaway? please help!! :'(?

I am junior is College; I received a letter that said I have been academic suspended from college for fall 2011; i have fallen into depression, i don't know what i am doing!! I can not sleep; I feel like killing myself or run away from home. My parents don't know about it; but I am guessing i would have to tell them eventually. I was wondering If i can take some summer cles at college and probably get reinstated?? I really feel like running away; I know that i would have to come back. I can't let my mom or dad suffer for my consequences; nonetheless they paid for my education. I can't help it. I am not a party animal; i always wished the best for everyone; I am in this embarring situation. please i need your advice. thank you in advance.