College gpa affects likelihood of need to add SH minutes in future seasons to avoid academic disqualification. HSGPA may still factor into that, but it isn't clear how much. To clear up a point from the OP, PT does not directly impact IQ improvement. Indirectly, by improving WE, PT improves IQ growth rate.
Rate of IQ growth is a function with HSGPA, WE & team practice minutes as the only variables. Well, maybe the multiple walk-on penalty applies, but I doubt that could be figured out unless the developers said as much. Some improvement occurs over time even at 0 practice. You'll notice that juco players will still have a F in unpracticed sets while upperclassmen will have some improvement even without practice.