Especially since we have finished with a losing record this year (our second since 2013).

When UCF and other schools like them are basically second class football programs in Division 1, can you really blame them for taking this route?  It would be one thing if they only had one loss and tried that, but they finished undefeated (with one game having been cancelled due to a hurricane) and won their conference.  They beat a "higher" ranked team (a team that had three losses, GMAFB) in a NY6 Bowl.

 UCF: I say good for them.

If we don't want them to have any consideration for the National title because of their schedule, then may as well force them back to FCS or Division II.  As a legitimate member of the FBS/Division 1A, if they win the games (including the league title), they should have a shot.  

It's the idea that you can just declare yourself  National Champions...buy rings, hang banners, have parades based on your own criteria. Where does it stop?