I would preface my post by saying college football as we knew it is already dead. There is essentially nothing about the current game that bears any semblance to college football, other than the fact that games are played mostly on Saturday.
That being said...
I think this suggestion is a matter of when, not if. There is only thing that matters in "college" football now, and it's not anything to do with college or education or academics or students: it's money. EVERY decision is made with money in mind. The decision to modify the clock rules last season to "speed up games"? Yeah, games were just as long and we only got more commercials. Commercials = money. Advent of the playoff? Money. Playoff expansion? Even more money. Conference realignment? Money. NIL? Money. Transfer portal? Money.
Absolutely no decision is made with the wellbeing and welfare of the student athlete in mind. Indeed, many, such as conference expansion are directly detrimental to the student athlete.
The sport is, for all intents and purposes, fully divorced from any remnants of academic association. Years ago, it was speculated that football teams might break away from school altogether. At the time, it was dismissed as an absurd notion, but here we are and it seems a likely reality. The teams will maintain their names, of course, but there will come a day when a team is a college football team in name only. Players will not even have to be enrolled as students.