It's broken... and I don't really know what a 'proper' fix would entail... but a competitive collegiate organization would be better than it is now.
Think of my Alma Mater - Fresno St.... or one closer to you - San Jose State - neither has any chance of ever playing the final NCAA game. They could go undefeated 5 straight years and beat the #1 each year and they won't get chosen.
Plus.... too many teams to have a meaningful playoff system.
It's a mess.... never the less... I have come to believe that 'in general' NCAA football is more exciting to watch than the NFL... (My Rams the exception of course
). Yes, far too many blowout games due to talent discrepancy but when the teams are fairly equal the games are amazingly fun to watch. - JamesJM