Rank | Team | Conf | Record | SRS | SOS | Final |
|---|---|---|---|---|---|---|
| 1 | Ohio State | Western | 9-0 | 3 | 3 | 0.93308 |
| 2 | Army | IND | 9-0 | 4 | 4 | 0.92841 |
| 3 | Randolph Field | IND | 10-0 | 17 | 2 | 0.88394 |
| 4 | Iowa Pre-Flight | IND | 10-1 | 5 | 9 | 0.87310 |
| 5 | Norman Naval Air Station | IND | 6-0 | 20 | 1 | 0.85983 |
| 6 | Second Air Force | IND | 6-0-1 | 10 | 6 | 0.84875 |
| 7 | Notre Dame | IND | 8-2 | 1 | 7 | 0.83878 |
| 8 | Michigan | Western | 8-2 | 2 | 8 | 0.83182 |
| 9 | Tennessee | SEC | 7-0-1 | 12 | 22 | 0.82610 |
| 10 | Georgia Tech | SEC | 8-2 | 8 | 11 | 0.80341 |
| 11 | USC | Pacific | 7-0-2 | 13 | 32 | 0.80216 |
| 12 | Great Lakes Navy | IND | 9-2-1 | 9 | 13 | 0.80118 |
| 13 | Yale | IND | 7-0-1 | 28 | 18 | 0.79639 |
| 14 | March Field | IND | 7-1-3 | 11 | 12 | 0.77776 |
| 15 | Wake Forest | Southern | 8-1 | 26 | 36 | 0.76802 |
| 16 | Oklahoma State | MVC | 7-1 | 37 | 10 | 0.76310 |
| 17 | Navy | IND | 6-3 | 6 | 5 | 0.75183 |
| 18 | Tulsa | MVC | 7-2 | 18 | 25 | 0.74149 |
| 19 | Alabama | SEC | 5-1-2 | 15 | 24 | 0.73233 |
| 20 | Michigan State | IND | 6-1 | 35 | 52 | 0.72156 |
| 21 | Indiana | Western | 7-3 | 16 | 15 | 0.71817 |
| 22 | Mississippi State | SEC | 6-2 | 33 | 47 | 0.68445 |
| 23 | Duke | Southern | 5-4 | 7 | 16 | 0.67878 |
| 24 | Georgia | SEC | 7-3 | 27 | 40 | 0.67284 |
| 25 | NC State | Southern | 7-2 | 48 | 57 | 0.67104 |
| 26 | Virginia | IND | 6-1-2 | 52 | 49 | 0.66918 |
| 27 | Holy Cross | IND | 5-2-2 | 23 | 34 | 0.66316 |
| 28 | Iowa State | Big 6 | 6-1-1 | 67 | 50 | 0.66189 |
| 29 | TCU | Southwest | 7-2-1 | 65 | 31 | 0.65070 |
| 30 | Minnesota | Western | 5-3-1 | 21 | 17 | 0.65038 |
| 31 | Colorado | MSC | 6-2 | 56 | 46 | 0.65030 |
| 32 | Illinois | Western | 5-4-1 | 19 | 14 | 0.63993 |
| 33 | William & Mary | Southern | 5-2-1 | 31 | 75 | 0.63932 |
| 34 | Oklahoma | Big 6 | 6-3-1 | 41 | 26 | 0.63733 |
| 35 | Penn State | IND | 6-3 | 36 | 62 | 0.63090 |
| 36 | Washington | Pacific | 5-3 | 30 | 54 | 0.62265 |
| 37 | Coast Guard | IND | 6-3 | 58 | 23 | 0.62251 |
| 38 | Purdue | Western | 5-5 | 14 | 19 | 0.61788 |
| 39 | Texas | Southwest | 5-4 | 32 | 20 | 0.60653 |
| 40 | Tulane | SEC | 4-3 | 34 | 29 | 0.60379 |
| 41 | Bucknell | IND | 7-2-1 | 71 | 82 | 0.59923 |
| 42 | Alameda Coast Guard | IND | 4-2-2 | 45 | 61 | 0.59579 |
| 43 | Texas A&M | Southwest | 6-4 | 47 | 37 | 0.59495 |
| 44 | Boston College | IND | 4-3 | 24 | 69 | 0.59342 |
| 45 | Saint Mary's (CA) Pre-Flight | IND | 4-4 | 22 | 35 | 0.58234 |
| 46 | Cornell | IND | 5-4 | 38 | 53 | 0.57870 |
| 47 | Drake | MVC | 7-2 | 83 | 87 | 0.57725 |
| 48 | Amarillo Field | IND | 5-4 | 53 | 30 | 0.56977 |
| 49 | Auburn | SEC | 4-4 | 40 | 72 | 0.53793 |
| 50 | Fort Warren | IND | 5-5-1 | 59 | 33 | 0.53346 |
| 51 | Utah | MSC | 5-2-1 | 86 | 77 | 0.53068 |
| 52 | West Virginia | IND | 5-3-1 | 78 | 74 | 0.53063 |
| 53 | Arkansas | Southwest | 5-5-1 | 66 | 28 | 0.52482 |
| 54 | Pittsburgh | IND | 4-5 | 50 | 21 | 0.52364 |
| 55 | Florida | SEC | 4-3 | 77 | 68 | 0.51147 |
| 56 | Villanova | IND | 4-4 | 57 | 78 | 0.50964 |
| 57 | Brown | IND | 3-4-1 | 49 | 48 | 0.50717 |
| 58 | UCLA | Pacific | 4-5-1 | 54 | 59 | 0.50149 |
| 59 | SMU | Southwest | 5-5 | 75 | 38 | 0.49967 |
| 60 | Rice | Southwest | 5-6 | 64 | 42 | 0.49581 |
| 61 | Denver | MSC | 4-3-2 | 82 | 65 | 0.48829 |
| 62 | Clemson | Southern | 4-5 | 63 | 55 | 0.48716 |
| 63 | South Carolina | Southern | 3-4-2 | 60 | 73 | 0.48169 |
| 64 | Missouri | Big 6 | 3-5-2 | 55 | 43 | 0.48165 |
| 65 | Lubbock Field | IND | 5-4 | 84 | 64 | 0.48113 |
| 66 | Dartmouth | IND | 2-5-1 | 29 | 45 | 0.47843 |
| 67 | West Texas A&M | Border | 4-3 | 87 | 66 | 0.47741 |
| 68 | Wisconsin | Western | 3-6 | 42 | 27 | 0.47478 |
| 69 | LSU | SEC | 2-5-1 | 39 | 41 | 0.46612 |
| 70 | California | Pacific | 3-6-1 | 51 | 70 | 0.44698 |
| 71 | Kentucky | SEC | 3-6 | 62 | 60 | 0.43158 |
| 72 | Colgate | IND | 2-5 | 44 | 79 | 0.42338 |
| 73 | Syracuse | IND | 2-4-1 | 61 | 88 | 0.42209 |
| 74 | Texas Tech | Border | 4-7 | 72 | 63 | 0.42027 |
| 75 | Northwestern | Western | 1-7-1 | 25 | 39 | 0.41388 |
| 76 | Temple | IND | 2-4-2 | 74 | 85 | 0.41029 |
| 77 | Utah State | MSC | 3-3 | 93 | 91 | 0.38580 |
| 78 | Colorado College | IND | 3-7 | 73 | 71 | 0.38298 |
| 79 | Kansas | Big 6 | 3-6-1 | 80 | 76 | 0.38270 |
| 80 | Ole Miss | SEC | 2-6 | 70 | 56 | 0.37534 |
| 81 | North Carolina | Southern | 1-7-1 | 46 | 58 | 0.37360 |
| 82 | Marquette | IND | 1-7 | 43 | 51 | 0.36206 |
| 83 | Columbia | IND | 2-6 | 76 | 84 | 0.34726 |
| 84 | Iowa | Western | 1-7 | 68 | 44 | 0.33558 |
| 85 | Kansas State | Big 6 | 2-5-2 | 91 | 81 | 0.33045 |
| 86 | Miami | IND | 1-6-1 | 69 | 83 | 0.32875 |
| 87 | Nebraska | Big 6 | 2-6 | 85 | 67 | 0.32805 |
| 88 | Richmond | Southern | 2-6 | 79 | 89 | 0.32620 |
| 89 | Presbyterian | IND | 3-6 | 89 | 92 | 0.32322 |
| 90 | Maryland | Southern | 1-7-1 | 81 | 80 | 0.28913 |
| 91 | New York University | IND | 2-5 | 90 | 94 | 0.28800 |
| 92 | Idaho State | IND | 4-5 | 94 | 93 | 0.28280 |
| 93 | VMI | Southern | 1-8 | 88 | 86 | 0.23555 |
| 94 | New Mexico | Border | 1-7 | 92 | 90 | 0.21254 |