Been that way for a while. If you sign a pro contract, you lose your eligibility in that sport, but can compete in other sports. Now with NIL, the entire line between pro and college athletics at the highest level is VERY blurry.
In addition it may get even blurrier because of this lawsuit - There is a new case filed against the NCAA on behalf of several college hockey programs and players in the Canadian Hockey League (three Major Junior leagues the NCAA considers professional). If the NCAA loses this lawsuit, collegiate sports at the Division I level will be fully professional with almost no restrictions.