+1 It's not just callous and offensive, it's ridiculous. Playing college football is voluntary. Voluntary slavery is an oxymoron. And it's not "free labor" either. College isn't cheap. Free tuition, free books, free room and board adds up to some significant compensation. As you say, there are a great many people who spend years paying off college loans. If you took the cash value of the compensation scholarship athletes get, it's more than most people could expect to make right out of high school. Then you have to figure in the extra money that they will make as a result of having a college degree versus merely having a high school degree.
And then there are these D-III players, who really do play for free. What about them?