Transcript hold at college. How to finish CS degree elsewhere?

[ifomonay]

I think the most economical plan is to work out a plan with the university. If you ignore it, they will send it over to collections, guaranteed. That's going to add a fee anywhere from 25% - 50% to the balance. Collections will report it to credit bureaus. You'll have to wait seven years before it comes off your credit report. You can still get car loans or mortgages, but you'll be paying probably 2% more than others.
Depending on who's guaranteeing that loan, you can expect your paycheck to be docked until it's paid off. You can read the financial responsibility agreement you signed with the university, it should have the details of your responsibility, and how they will collect if you fail to meet it.
I think you should work out a plan with the university so it doesn't go into collections. That's the funny thing about money. If you lend $10k to someone, there's no way you're going to forget about it. Neither will they.