Rank | Team | Conf | Record | SRS | SOS | Final |
|---|---|---|---|---|---|---|
| 1 | Ohio State | Western | 9-0 | 3 | 2 | 0.93952 |
| 2 | Army | IND | 8-0 | 5 | 6 | 0.91565 |
| 3 | Randolph Field | IND | 10-0 | 17 | 4 | 0.88249 |
| 4 | Iowa Pre-Flight | IND | 10-1 | 6 | 9 | 0.87965 |
| 5 | Norman Naval Air Station | IND | 6-0 | 20 | 1 | 0.86246 |
| 6 | Second Air Force | IND | 6-0-1 | 10 | 5 | 0.85934 |
| 7 | Great Lakes Navy | IND | 9-1-1 | 7 | 11 | 0.84850 |
| 8 | Michigan | Western | 8-2 | 1 | 8 | 0.83882 |
| 9 | Tennessee | SEC | 7-0-1 | 14 | 27 | 0.82504 |
| 10 | Notre Dame | IND | 7-2 | 2 | 7 | 0.82466 |
| 11 | USC | Pacific | 7-0-2 | 12 | 33 | 0.81105 |
| 12 | Navy | IND | 6-2 | 4 | 3 | 0.80243 |
| 13 | Yale | IND | 7-0-1 | 30 | 19 | 0.79273 |
| 14 | Georgia Tech | SEC | 7-2 | 8 | 12 | 0.79055 |
| 15 | March Field | IND | 7-1-3 | 11 | 13 | 0.78715 |
| 16 | Oklahoma State | MVC | 7-1 | 37 | 10 | 0.76436 |
| 17 | Wake Forest | Southern | 8-1 | 35 | 34 | 0.75966 |
| 18 | Tulsa | MVC | 6-2 | 19 | 21 | 0.73076 |
| 19 | Alabama | SEC | 5-1-2 | 16 | 30 | 0.72881 |
| 20 | Indiana | Western | 7-3 | 15 | 15 | 0.72379 |
| 21 | Michigan State | IND | 6-1 | 34 | 58 | 0.72310 |
| 22 | Georgia | SEC | 7-2 | 31 | 42 | 0.70414 |
| 23 | TCU | Southwest | 7-1-1 | 60 | 22 | 0.70188 |
| 24 | Mississippi State | SEC | 6-2 | 32 | 46 | 0.68295 |
| 25 | Duke | Southern | 5-4 | 9 | 16 | 0.67827 |
| 26 | NC State | Southern | 7-2 | 51 | 54 | 0.67101 |
| 27 | Iowa State | Big 6 | 6-1-1 | 67 | 48 | 0.66452 |
| 28 | Holy Cross | IND | 5-2-2 | 25 | 36 | 0.66039 |
| 29 | Tulane | SEC | 4-2 | 29 | 20 | 0.65805 |
| 30 | Colorado | MSC | 6-2 | 53 | 40 | 0.65733 |
| 31 | Minnesota | Western | 5-3-1 | 22 | 17 | 0.65529 |
| 32 | Virginia | IND | 5-1-2 | 57 | 50 | 0.64607 |
| 33 | Illinois | Western | 5-4-1 | 18 | 14 | 0.64503 |
| 34 | Texas A&M | Southwest | 6-3 | 45 | 37 | 0.63530 |
| 35 | Penn State | IND | 6-3 | 36 | 63 | 0.63197 |
| 36 | Washington | Pacific | 5-3 | 24 | 55 | 0.63094 |
| 37 | Purdue | Western | 5-5 | 13 | 18 | 0.62515 |
| 38 | Oklahoma | Big 6 | 5-3-1 | 39 | 23 | 0.62262 |
| 39 | William & Mary | Southern | 4-2-1 | 27 | 74 | 0.62086 |
| 40 | Coast Guard | IND | 6-3 | 59 | 28 | 0.61641 |
| 41 | Alameda Coast Guard | IND | 4-2-2 | 42 | 60 | 0.60370 |
| 42 | Bucknell | IND | 7-2-1 | 73 | 83 | 0.59780 |
| 43 | Boston College | IND | 4-3 | 26 | 72 | 0.59109 |
| 44 | Saint Mary's (CA) Pre-Flight | IND | 4-4 | 21 | 35 | 0.59093 |
| 45 | Texas | Southwest | 4-4 | 28 | 24 | 0.58134 |
| 46 | Drake | MVC | 7-2 | 82 | 87 | 0.57912 |
| 47 | Cornell | IND | 5-4 | 40 | 53 | 0.57791 |
| 48 | Amarillo Field | IND | 5-4 | 52 | 31 | 0.57271 |
| 49 | Fort Warren | IND | 5-5 | 55 | 32 | 0.54189 |
| 50 | Auburn | SEC | 4-4 | 41 | 69 | 0.53882 |
| 51 | Utah | MSC | 5-2-1 | 85 | 77 | 0.53367 |
| 52 | West Virginia | IND | 5-3-1 | 77 | 76 | 0.52910 |
| 53 | Pittsburgh | IND | 4-5 | 50 | 26 | 0.52432 |
| 54 | Florida | SEC | 4-3 | 76 | 73 | 0.50956 |
| 55 | UCLA | Pacific | 4-5-1 | 49 | 57 | 0.50920 |
| 56 | Villanova | IND | 4-4 | 58 | 79 | 0.50593 |
| 57 | Brown | IND | 3-4-1 | 54 | 49 | 0.50206 |
| 58 | Arkansas | Southwest | 4-5-1 | 68 | 29 | 0.49792 |
| 59 | Clemson | Southern | 4-5 | 65 | 51 | 0.48632 |
| 60 | Missouri | Big 6 | 3-5-2 | 56 | 41 | 0.48455 |
| 61 | Lubbock Field | IND | 5-4 | 84 | 64 | 0.48234 |
| 62 | South Carolina | Southern | 3-4-2 | 61 | 71 | 0.48000 |
| 63 | Wisconsin | Western | 3-6 | 44 | 25 | 0.47987 |
| 64 | West Texas A&M | Border | 4-3 | 87 | 66 | 0.47908 |
| 65 | Dartmouth | IND | 2-5-1 | 33 | 45 | 0.47216 |
| 66 | Rice | Southwest | 4-6 | 66 | 43 | 0.46731 |
| 67 | SMU | Southwest | 4-5 | 75 | 47 | 0.46393 |
| 68 | Denver | MSC | 3-3-2 | 83 | 68 | 0.45714 |
| 69 | California | Pacific | 3-6-1 | 47 | 70 | 0.45478 |
| 70 | Kentucky | SEC | 3-6 | 63 | 61 | 0.42999 |
| 71 | Colgate | IND | 2-5 | 48 | 78 | 0.42126 |
| 72 | Syracuse | IND | 2-4-1 | 62 | 89 | 0.42078 |
| 73 | Northwestern | Western | 1-7-1 | 23 | 38 | 0.41887 |
| 74 | LSU | SEC | 1-5-1 | 38 | 52 | 0.41872 |
| 75 | Colorado College | IND | 3-6 | 69 | 65 | 0.41615 |
| 76 | Temple | IND | 2-4-2 | 74 | 85 | 0.40828 |
| 77 | North Carolina | Southern | 1-6-1 | 46 | 56 | 0.39249 |
| 78 | Texas Tech | Border | 3-7 | 71 | 62 | 0.39140 |
| 79 | Utah State | MSC | 3-3 | 93 | 91 | 0.38569 |
| 80 | Kansas | Big 6 | 3-6-1 | 81 | 75 | 0.38559 |
| 81 | Ole Miss | SEC | 2-6 | 72 | 59 | 0.37329 |
| 82 | Marquette | IND | 1-7 | 43 | 44 | 0.36942 |
| 83 | Nebraska | Big 6 | 2-5 | 86 | 67 | 0.34826 |
| 84 | Richmond | Southern | 2-5 | 80 | 88 | 0.34781 |
| 85 | Miami | IND | 1-5-1 | 70 | 86 | 0.34370 |
| 86 | Columbia | IND | 2-6 | 78 | 84 | 0.34368 |
| 87 | Iowa | Western | 1-7 | 64 | 39 | 0.33952 |
| 88 | Kansas State | Big 6 | 2-5-2 | 91 | 80 | 0.33148 |
| 89 | New York University | IND | 2-5 | 90 | 94 | 0.28707 |
| 90 | Idaho State | IND | 4-5 | 94 | 93 | 0.28379 |
| 91 | VMI | Southern | 1-7 | 88 | 81 | 0.24903 |
| 92 | Maryland | Southern | 0-7-1 | 79 | 82 | 0.24628 |
| 93 | Presbyterian | IND | 1-6 | 89 | 92 | 0.23542 |
| 94 | New Mexico | Border | 1-7 | 92 | 90 | 0.21555 |