Most Gallifreyans are called 'Shobogans', aren't they? Isn't that the generic term for all natives of Gallifrey?
A Time Lord/Lady is like an academic honor. A graduate of one of the elite Time Lord academies. Which not every Gallifreyan would do. (similiar to how not every human being attends Harvard, Yale, etc.) That's how I always interpreted it, anyway.
Most Gallifreyans are called 'Shobogans', aren't they? Isn't that the generic term for all natives of Gallifrey?
No, the Shobogans were the ones who left Time Lord society or at least that was meant to be the ones that Leela and Rodan ran into in wastelands of Gallifrey.
I think the Time Lords refer to their entire species as "Time Lords". This fits in with their haughty nature.
I do not think that Time Lords come from anywhere other than Gallifrey, is NOT an "Academic Title" or any other kind of honorific. I believe that Rassilon and Omega literally proclaimed their entire race to be the "Lords of Time".
No, I agree there's no evidence that they came from another planet, although that would a smart way to bring them back. But I do think it's entirely possible that not all Gallifreyans are Time Lords.
Let me explain what I meant by "I do not think that Time Lords come from anywhere other than Gallifrey".
I am talking about situations like in Death Comes to Time in which Ace was supposedly going to be "trained to become a Time Lord".
No, not gonna happen. Time Lords from Gallifrey are Time Lords. Girls from Earth are humans. Dogs can not train to become cats. Etc.