If I were him I wouldn't bother with transferring my transcript. College education isn't worth a flip if you already know how to code and can demonstrate it by making a decent app like he did.

I dropped out of college because I made my own app and started getting two job offers a month from decent startups looking for developers. I'm sure this kid will be getting job offers from the press coverage of this.

If I were him I wouldn't waste time with school, especially from such a dated and ignorant institution when he could be getting better real life experience.

Long story short I'd hire him, and if I were him I'd leave that school without a single backward glance.