Someone should start a thread on scholarship conversations and questions, because the topic is very interesting.
My first topic in that thread would revolve around the sleeping giant that is the Ivy League. Did you all know that they do not offer athletic scholarships at all? Think about how that would effect the landscape of college football if they decided to start. How could any kid justify going to Bama over Harvard? Seriously... ND and Stanford would get brutalized in recruiting probably the worst, since our recruits would be more likely to actually qualify (assuming that they would still maintain high academic requirements).
Off topic, I know, but just a thought.
This is such an interesting discussion point wooly. I hope you start that thread. I don't see the Ivy ever becoming a player in CFB though for a couple of reasons:
1. The simple fact is Stanford is equal to or better than just about every single Ivy League school, so at best they could *eventually* get up to the level of Stanford. The only Ivy schools you can even make a case for being better than Stanford are Princeton, Yale, and Harvard. So I don't really think the upside is there to the degree your describing.
2. Even if the upside IS there... simply put, Ivy League schools definitely won't drop their admissions even to the point of ND... maybe not even to Stanford's level... and there simply aren't enough talented kids with even the GPA/scores/resume to qualify for Ivies. For sports where everything is equal because there aren't a lot of scholarships at regular DI (like lacrosse) the Ivies still struggle to compete with other schools with great academics... like Johns Hopkins, Notre Dame, UVA, etc... because those schools will take kids that Ivies simply won't.
3. Let's say the upside is there AND Ivies do lower their standards inexplicably to ND's level... would they actually be able to compete? They have no fan base. They're all based in the worst part of the country for talent (the northeast). They wouldn't be able to get TV money to get the facilities, funds for recruiting, etc. needed to really challenge powerhouses. And most importantly... we see time and time again how little most kids actually care about academic prestige. Think of how much of a perennial loser Stanford was (in California!) for years upon years until Harbaugh showed up and worked his magic.