Well; it's ok to disagree. But I still contend that it depends on the college. I know of a couple of individuals who made it through BCT, but within a month of classes starting, they dropped out of the academy. The "Transcript" they received, (For lack of a better word), didn't say "Incomplete" or anything similar. It only referenced "WITHDRAWN". They were able to go back to their plan "B" school and started the 2nd semester, INCLUDING the scholarship they had been awarded prior to accepting air force.
Now; could we be talking semantics? Possibly. The key isn't whether you're considered a transfer student or not. What matters is "What does it mean to the school you're going to". They could treat you exactly the same as an incoming high school grad. Like I said, it depends on the school. I'm sure some will simply say you're a transfer student. Other will say: "You don't have any college credits, you're the same as any other freshman". Just like I have students I know of, because of IB classes and such in high school, went to college and walk in the door and were considered "SOPHOMORES" because they were given 30 credit hours for their IB course and degree.
Again; the OP didn't say they "FAILED", they said they simply didn't finish a semester. What their transcript, if they receive one says, will determine how the individual receiving college defines them. It's what they say you are. Not what WE say you are.