You make a fair point, I don't agree with it completely but it is defendable. I don't think a player getting injured and losing his season is the same as institutions hitting the panic button and closing down the opportunity for everyone to play is the same, not really even similar.
My son is going to grad school as 5th year and will play, he was going to be going to grad school regardless if he was playing ball or not...I see no reason why a kid in that spot shouldn't be able to play.
Seems reasonable, but... this is the logic that got us to where we are at now. I think the cure is worse than the disease, so to speak.