It's the most wonderful time of the year for college football fans: The bowl games start Saturday.In Texas and across the country, college football is big business for schools, television networks and bowl organizers. But too many college football players leave with no degree, no money and few job prospects.Because most football players at any college will not make it to the NFL, even more important than winning a bowl game is obtaining a college degree. Those with degrees are more likely to be employed and will likely earn higher incomes.For the sixth year, the non-partisan New America Foundation has published its Academic BCS rankings of the top 25 Bowl Championship Series teams based on academic performance. (bit.ly/XbB6cx)The formula uses a variety of factors, including the rate at which a school graduates football players compared to other men; the black-white graduation gap of the football team compared to the overall male population; and the rate at which black players graduated compared to black males at the school overall.The two Texas teams ranked in the Bowl Championship Series standings did not fare well.Texas A&M (No. 9 in the football polls, playing in the Cotton Bowl) came in at No. 14 on the academic rankings, and the University of Texas at Austin (No. 23 in the BCS standings, Alamo Bowl) ranked No. 22 on the Academic BCS.UT fell so close to the bottom because it graduates only 58 percent of its football players, 14 points below the general male population at the school.Especially damning is that, while white players graduate at a rate of 85 percent, UT graduates only 46 percent of its black players -- the second-widest disparity of any team in the rankings.What if some of the other Texas schools had made the top 25 BCS rankings this year?The TCU Horned Frogs (Buffalo Wild Wings Bowl) would have ranked No. 6 academically, mainly because the school graduates its football players at a higher rate than males at the school in general and graduates black football players more than the overall population of black males.Texas Tech (Meineke Car Care Bowl) would have ranked No. 12, knocked down because of the school's black-white graduation gap.Baylor, famous for Academic All-American and Heisman Trophy winner Robert Griffin III, would have ranked second ... from the bottom.It turns out that RGIII is the exception: Baylor (Holiday Bowl) graduates less than half of the team, with a 25-point disparity between white and black players.In general, Texas football teams may be some of the best on the field, but they also have some of the largest gaps in the country in graduating white and black players.While the top 25 BCS teams have an average spread of 17 points between the graduation rates of white and black football players, that number jumps to 26 for these five Texas teams.Universities that rake in millions of dollars a year off their students' hard work -- UT's 2011 football profits were reported to be $77.9 million -- have a moral imperative to do everything in their power to help these players graduate.Neither UT nor A&M come close to graduating their players at the same rate as the general male population at those schools, and nearly all of the Texas teams profiled have a significant white-black graduation gap.No matter who wins a bowl game, we want all of these players to succeed.Schools need to do more to ensure that.Alex Holt is a program associate for the Education Policy Program at the New America Foundation in Washington, D.C.