What's your frame of reference? It's a large state school with some elite
graduate programs. But UM's football players aren't receiving graduate degrees. For African American recruits,
UM isn't even in the top 20 for degree value among BCS schools. That's embarrassing for a school that pretends that academic excellence.
You sound like the 'Bama fans that claim their program is providing a public service by giving such kids "a chance". And is Stanford somehow cheating by maintaining academic standards? That's been the NCAA model for decades.
More hand-waving bullsh!t. The average undergraduate degree from Michigan isn't worth nearly as much as one from Stanford or ND. Period.
It's not only sad, but stupid, because only ~2% of Division I football players get drafted. For the vast majority of such athletes, college is the end of the line. "Cashing in" means attending the institution that offers you the best degree value, as that's the only compensation these guys are going to receive for their athletic skills. There are lots of schools offering much better compensation than Michigan.