Thanks for the response Rongway. Yes, even that would work. I like that idea very much. Players may get confused as to why their titles may get changed to another at first, but it may catch on.
I just feel there should be a way to do this. I have played many other games such as this, and they have this feature. FFXIV, IMO, has way more game to play due to its class system. As a result, there are tons of titles for one to earn. I think this feature should have been available from the start.
Seeing as how it is not, I think it would be an awesome candidate for a new addition.