This is vastly important because the Supreme Court has ruled the 2020 Election Fraud cases brought before it most recently are all "MOOT" and therefore dismissed.
I find it hard to believe they will fall for this but I do love a good red herring. Couching a mootness judgment within a college free speech case is clever. I just don't think the Supremes will bite as it would disallow "mootness" as a condition for a court to dismiss a case.
I would think SCOTUS would pass for the reason you cite. If they do take it, it will be in order to use it as a big "F you" to Trump to show that mootness is what they say it is.