This will be the first of many. Universities are facing a battle on multiple fronts. First, its the autonomy and payment battle with student athletes. From everything I have read, Title IX will impact the full cost of attendance debate. You are going to see the 30 or so schools that turn a profit today become the mega-weights of college football (even more so than they are today) and everyone else will be second class or lower.
But how long is that sustainable? At some point, the public will turn on these mega schools. You have places like Michigan spending north of $500M on facility upgrades for all of their teams (Crossroads project in wake of the academic "scandal"?). Their annual revenue has increased by over $40M since 2009 but none of that went back into academics. With the every growing unrest with tuition costs and slashed state government budgets, most of these mega schools will face public backlash at some point (realizing some are today, but the intensity will only grow over time). As hard as it for some fans to admit, the Universities were not founded on the basis of football. The pendulum will ultimately swing back.