[zubr1768]

Define your goals and passion. What is it about "Software engineering" that you like the most? Not every kind of software engineering work necessitates all the things you are required to learn over the course of a CS degree. But of course, some do, and some jobs will require you to have a degree. Some won't.

I don't have a great answer for you other than, 1) focus on becoming more efficient at your studies and/or 2) realign/cut back on your course load so that you can actually learn and retain the information. Short of that and you'll just be wasting your time and money.

BTW I have posted a similar question here, coming from a slightly different perspective of one without a CS degree who has somehow wound up in programming. I create some excellent solutions that are valued by others, but wouldn't presume to call myself an "engineer," and I'm fine with that. http://news.ycombinator.com/item?id=3063828