Notre Dame and other schools moving their fall semesters up to early August. If you're not having fans at the games, redoing the schedule shouldn't be a big deal. Put the players in camp right after 4th of July, start the season end of July. Be the first major sport to resume play while all the other sports are fighting over bullshit.

If kids are in school, sharing virus' with each other, why not allow them to be in the stands?

Students only

I think the assumption is that as long as the college kids are only in proximity to other college kids they'll just infect/re-infect each other.
So professors in high risk groups won't be teaching in-person classes. large lecture hall style classes will be virtual only. Students will be assigned groups of other students and areas to which they are supposed to restrict themselves (good luck with that). Dining halls all closed. Meals will be picked up and taken back to your dorm to eat. No high risk extra-curricular activities like choir or phys-ed or rush week gangbangs etc etc And the terms are running without break and then they are closing campus before thanksgiving until sometime in 2021 (TBD depending on corona wave two).