Looks like I may again be eligible to play college football soon enough. *groans standing up from couch* not that I would.
In all seriousness, though, by this same logic the NCAA has no basis for limiting the number of years athletes can be eligible. So long as they're able to stay enrolled, they will be eligible. Even fewer HS athletes will get an opportunity (as we've seen with the transfer portal and covid eligibility). Expect the Deion strategy to gain more foothold as 8th year players transfer to their third or fourth teams and your rosters are jigsaw puzzles of other college programs.
The only thing that restores sanity is if we the fans stop watching.