I definitely agree with your second statement about football ruining the conferences for all the other sports. I don't think it's sustainable and I think within 10 years we'll see a correction, where football largely dissociates from the rest of the regional conference model.

To your first point, though, whether an individual student athlete avails themselves of the free education being offered to them is kind of up to them. I know multiple athletes who played at elite programs who managed to get educated just fine. I suspect the ones who aren't getting educated would be no better off, or worse off, if they didn't attend college at all.