Heisman Trophy winner Carson Palmer and Vince Young will make their first appearances on the College Football Hall of Fame ballot.
Palmer won the Heisman for Southern California in 2002 and went on to a long NFL career.
Young won the Davey O'Brien, Manning and Maxwell awards in 2005, and he was a consensus All-American.
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However, Young finished second in the Heisman voting that year, but put on one of the great performances in college football history, leading Texas past USC in the BCS title Rose Bowl game - UT's 800th all-time victory and fourth national championship.
Young also ended USC's 34-game winning streak, while defeating the player who finished first in Heisman voting, Reggie Bush, in a virtual road game.
In a game that many consider one of the greatest ever, Young completed 30-40 passes for 267 yards while running 19 times for 200 yards and three touchdowns. His final rush came on fourth-and-five, completing a two-score comeback in the final minutes of his final collegiate game.
He was then selected third in the NFL draft, briefly playing for the Tennessee Titans before bouncing around with a few other NFL and Canadian Football league teams.
His jersey was retired at UT on August 30, in a game against Florida Atlantic.
The National Football Foundation released Monday the names of 76 players and six coaches from major college football who will be considered for the Hall of Fame this year. The latest class of about 15 player and coaches will be announced Jan. 7, the day of the College Football Playoff national championship.