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Yes.
It depends on the context. If the students are acting individually, then "are" is correct: Three-quarters of the students are failing the class. If you are referring to a single collective entity then "is" is correct: Three quarters of the students is an unacceptable number of failures.
If all students receive a failing grade in a class room it is usually considered the teacher's fault and the students will most likely be transferred out of the teacher's class and the teacher may even be fired.
Study study study. Look up practice problems, and tutorials on youtube, or get tutoring.
37, about your same failing percentage if you keep solving math problems with wiki answers & not a calculator!