caught shoplifting

i am currently in the 1st year of college and have messed up, me and 6 of my friends go into a shop down the road from our college as we enter, baring in mind we are not wearing lanyards, we see there is clearly a lack of staff and i walk to the drinks isle take a £1 drink and leave very stupid i know what i didn't know was my friends would proceed to take drink and food themselves. anyway we thought nothing of it as we all left and went back to college the next day we all get called into the office and sat down as a teacher displays photos of our faces on the cctv entering the shop i then admit to taking a drink but my friends didn't i offered to take the money back to the shop and asked what is there i can do but the teacher ignored me. we all got suspended for the day and now waiting on investigation as the police have left it to the college.
what do you think will happen to me and my future with the college?

Yeah, that was a bit stupid mate. Just don't steal in the first place it was only £1 just pay for it bruh- don't risk your future over a £1 drink...You might be alright tho. The police might just warn you if this is your first time stealing something. Just don't do it again...

Hopefully this won’t be blown out of proportion. Not good your casual attitude to theft, but not the crime of the century, hence the fortunate lack of interest from the police. Show remorse, say you’ve learned your lesson and offer to make good. Hopefully your immediate confession will help too. I’d tell your parents for support. And no more shoplifting

Hopefully this won’t be blown out of proportion. Not good your casual attitude to theft, but not the crime of the century, hence the fortunate lack of interest from the police. Show remorse, say you’ve learned your lesson and offer to make good. Hopefully your immediate confession will help too. I’d tell your parents for support. And no more shoplifting

as the police have left it to the college.

yes i have definitely learnt from this biggest regret. i am just worried at what the college will do as i've only been their two months and have my english language resit next month and don't want them to kick me out. From your evaluation of my mistakes do you think i'm gone or will be given a last chance.