Ranking the possible destinations IMHO:
1. Penn State
2. UCLA
3. Ole Miss
4. Arizona State
5a. Illinois
5b. Kansas
6. Washington State
You're missing UNC.
I'd drop Ole Miss down to a 4a, 4b, 4c. Nobody outside of the alumni know they have a program unless there's a Manning playing QB and that only happens every 20 or 30 years. If it weren't for Div 1aa opponents and the fodder from the Sun Belt Conference which should be Div 1aa Ole Miss could go 1-11, depends on who's worse in the Egg Bowl.
Oxford hasn't been a destination since Johnny Vaught worked his magic in the 50's and 60's. From '59 to '62 they only LOST 3 games in 4 years. Under Oregeron 3 WINS was a typical season. Today Oxford is a way station for coaches on the way up (Tuberville) or more likely on the way down (Cooper, Sloan, One and Dunn, Cutcliffe, Orgeron, Nutt).
Other fans talk about National Championships, Conference Championships, Heisman's, or Rankings, Ole Miss fans say, "Have you ever seen a lovelier place than The Grove?"