As a father whose son is a professional racer and a full time college student at Florida State, I obviously think this would be a great idea. But I have no illusions that it will happen. Carmichael lives in Tallahassee where Florida State is located, and multiple MX training facilities are located less than an hour from the University; including MTF, GPF Climax, etc. It could be a perfect fit. But the danger, expense, and relatively small fan base of the sport are just a few of the issues keeping any college from being interested in the sport. In addition to those obstacles, there would need to be a paradigm shift in the amateur ranks. Lets face it, most moto kids are not encouraged to stay in high school, much less plan to go to college.
As mentioned by several people, it really comes down to the ROI for the college. As we all know, unless the stars are lined up perfectly, there's much more Investment than Return. For the rider, it's a time management challenge. My son is constantly working on the balance of class schedule, training schedule, travel schedule, homework, projects, etc. Being a professional racer is difficult. Being a full-time college student is also difficult. Combining them is almost impossible.