Boyd, who enrolled in January with four other freshman to participate in spring practice, based the decision on family reasons.
According to Hansen's report, because Boyd is not presently in good academic standing, he will return to the University for the summer semester (beginning June 20) to improve his grades.
His scholarship will remain active for the summer session.
Notre Dame head coach Brian Kelly had kinds words for Boyd.
"He's been a good kid," Kelly told the South Bend Tribune. "He's done the right things. He's worked hard. He fell behind academically and had a lot of personal things going on in his life.
"Unfortunately, all of the things tipped the scale enough to make it difficult for him to stay in South Bend."
Boyd saw early action on both the punt return team and at wide receiver in the spring session. He settled in at cornerback for the duration of spring practice where he appeared to be in competition with fellow early enrollee Lo Wood and redshirt-freshman cornerback E.J. Banks, for a backup role behind a trio of starting candidates: Darrin Walls, Gary Gray, and Robert Blanton.
Hansen's Tribune report included the University of South Florida as Boyd's likely destination. Boyd has a two-year-old son who lives in southwest Florida.
IrishEyes will have more on Boyd's transfer as pertinent information becomes available.