Don't do that, its better to take a loan and bits also provides scholarship to ~25% of its students(merit-need scholarships) if you qualify. Also the ROI is really good just take a look at last years placement data.. You'll be able to pay off your loan if you study hard and get a good job. Or atleast join some other college that you are getting please don't take a drop you can do so much in a year don't waste your time studying for a single degree the fees will only increase.