A NY Times article reveals massive corruption at Auburn University, where football players receive high grades in classes that require little, if any, work.
From this article we learn that college faculty can be just as corrupt and immoral as business executives or politicians.
The only way to ensure that football players are honestly taking classes and doing work is to have verification by independent auditors. This is why the stock exchanges require that the numbers in annual reports be audited. Everyone knows that business executives will cheat if they can get away with it. Even verification by supposedly independent auditors doesn't prevent the occasional Enron from happening.
One shouldn't give colleges any benefit of the doubt that corporations don't get. This is why I suspect that the job placement figures given out by law schools are inflated.
Regarding the specific issue of football players, I don't understand why they have to learn something besides football. Why not just give out degrees in football?