Is it not working at all, intermittently working, or not able to access certain files? Is it spinning up? Making loud clicking noises?
Try:
Put in the freezer for a few hours then retry.
Try in a different computer or different enclosure.
Based on the manufacturer, see if they have drive analysis software that help report different types of errors.
Search for the brand/model online since the same drives often have similar problems so you might see if the issue is common or can be resolved.
You can get 2TB drives in the $120-$140 range currently, 1TB drives in the sub-$100 range (~$80), or smaller or used drives for even less. If you don't have to back up too much, reasonably large flash drives are pretty affordable now and have no moving parts. Get a pair so you can keep two copies of everything. Or, keep a copy of your friend's data on a drive in trade for you copying your data to a friend's drive. Then, you can share the cost and have a backup at a different site. Or, pay to back your data up online:
http://www.backblaze.com/