Rank | Team | Conf | Record | SRS | SOS | Final |
|---|---|---|---|---|---|---|
| 1 | Ohio State | Western | 9-0 | 3 | 3 | 0.93220 |
| 2 | Army | IND | 9-0 | 4 | 4 | 0.92698 |
| 3 | Randolph Field | IND | 11-0 | 10 | 2 | 0.89851 |
| 4 | Iowa Pre-Flight | IND | 10-1 | 5 | 10 | 0.87242 |
| 5 | Norman Naval Air Station | IND | 6-0 | 18 | 1 | 0.86165 |
| 6 | Notre Dame | IND | 8-2 | 1 | 6 | 0.83779 |
| 7 | Michigan | Western | 8-2 | 2 | 8 | 0.83097 |
| 8 | Tennessee | SEC | 7-0-1 | 11 | 22 | 0.82564 |
| 9 | Georgia Tech | SEC | 8-2 | 7 | 11 | 0.80249 |
| 10 | Great Lakes Navy | IND | 9-2-1 | 9 | 12 | 0.80024 |
| 11 | Yale | IND | 7-0-1 | 25 | 20 | 0.79539 |
| 12 | Second Air Force | IND | 6-1-1 | 12 | 7 | 0.78323 |
| 13 | Wake Forest | Southern | 8-1 | 24 | 34 | 0.76588 |
| 14 | Oklahoma State | MVC | 7-1 | 33 | 9 | 0.76532 |
| 15 | Navy | IND | 6-3 | 6 | 5 | 0.75061 |
| 16 | USC | Pacific | 7-0-2 | 37 | 36 | 0.74860 |
| 17 | Tulsa | MVC | 7-2 | 16 | 24 | 0.74267 |
| 18 | Alabama | SEC | 5-1-2 | 14 | 25 | 0.73179 |
| 19 | Michigan State | IND | 6-1 | 32 | 52 | 0.72133 |
| 20 | Indiana | Western | 7-3 | 15 | 14 | 0.71779 |
| 21 | March Field | IND | 7-2-3 | 28 | 16 | 0.69255 |
| 22 | Mississippi State | SEC | 6-2 | 30 | 47 | 0.68454 |
| 23 | Duke | Southern | 5-4 | 8 | 15 | 0.67676 |
| 24 | Georgia | SEC | 7-3 | 23 | 41 | 0.67179 |
| 25 | NC State | Southern | 7-2 | 45 | 56 | 0.66887 |
| 26 | Virginia | IND | 6-1-2 | 48 | 50 | 0.66794 |
| 27 | Iowa State | Big 6 | 6-1-1 | 64 | 49 | 0.66333 |
| 28 | Holy Cross | IND | 5-2-2 | 20 | 32 | 0.66258 |
| 29 | TCU | Southwest | 7-2-1 | 59 | 31 | 0.65528 |
| 30 | Minnesota | Western | 5-3-1 | 19 | 17 | 0.65025 |
| 31 | Colorado | MSC | 6-2 | 52 | 45 | 0.64905 |
| 32 | Oklahoma | Big 6 | 6-3-1 | 38 | 26 | 0.63962 |
| 33 | Illinois | Western | 5-4-1 | 17 | 13 | 0.63947 |
| 34 | William & Mary | Southern | 5-2-1 | 29 | 75 | 0.63823 |
| 35 | Penn State | IND | 6-3 | 34 | 61 | 0.63053 |
| 36 | Coast Guard | IND | 6-3 | 53 | 23 | 0.62194 |
| 37 | Texas A&M | Southwest | 7-4 | 40 | 37 | 0.62144 |
| 38 | Purdue | Western | 5-5 | 13 | 19 | 0.61739 |
| 39 | Texas | Southwest | 5-4 | 26 | 18 | 0.61279 |
| 40 | Tulane | SEC | 4-3 | 31 | 30 | 0.60549 |
| 41 | Bucknell | IND | 7-2-1 | 69 | 83 | 0.59944 |
| 42 | Boston College | IND | 4-3 | 22 | 69 | 0.59285 |
| 43 | Drake | MVC | 7-2 | 83 | 86 | 0.57887 |
| 44 | Cornell | IND | 5-4 | 35 | 53 | 0.57828 |
| 45 | Amarillo Field | IND | 5-4 | 49 | 28 | 0.57101 |
| 46 | Washington | Pacific | 5-3 | 62 | 62 | 0.56905 |
| 47 | Alameda Coast Guard | IND | 4-2-2 | 73 | 64 | 0.54226 |
| 48 | Auburn | SEC | 4-4 | 39 | 71 | 0.53714 |
| 49 | Fort Warren | IND | 5-5-1 | 55 | 33 | 0.53053 |
| 50 | Utah | MSC | 5-2-1 | 87 | 77 | 0.53007 |
| 51 | West Virginia | IND | 5-3-1 | 76 | 72 | 0.53000 |
| 52 | Saint Mary's (CA) Pre-Flight | IND | 4-4 | 54 | 42 | 0.52863 |
| 53 | Arkansas | Southwest | 5-5-1 | 63 | 27 | 0.52862 |
| 54 | Pittsburgh | IND | 4-5 | 47 | 21 | 0.52319 |
| 55 | Florida | SEC | 4-3 | 75 | 68 | 0.51018 |
| 56 | Villanova | IND | 4-4 | 51 | 78 | 0.50946 |
| 57 | Brown | IND | 3-4-1 | 46 | 48 | 0.50671 |
| 58 | SMU | Southwest | 5-5 | 68 | 35 | 0.50570 |
| 59 | Rice | Southwest | 5-6 | 57 | 38 | 0.50168 |
| 60 | Denver | MSC | 4-3-2 | 82 | 66 | 0.48831 |
| 61 | Clemson | Southern | 4-5 | 61 | 55 | 0.48596 |
| 62 | Lubbock Field | IND | 5-4 | 84 | 60 | 0.48420 |
| 63 | Missouri | Big 6 | 3-5-2 | 50 | 43 | 0.48291 |
| 64 | West Texas A&M | Border | 4-3 | 86 | 65 | 0.48020 |
| 65 | South Carolina | Southern | 3-4-2 | 56 | 73 | 0.47941 |
| 66 | Dartmouth | IND | 2-5-1 | 27 | 46 | 0.47784 |
| 67 | Wisconsin | Western | 3-6 | 41 | 29 | 0.47464 |
| 68 | LSU | SEC | 2-5-1 | 36 | 40 | 0.46792 |
| 69 | UCLA | Pacific | 4-5-1 | 78 | 63 | 0.44822 |
| 70 | Kentucky | SEC | 3-6 | 60 | 58 | 0.43145 |
| 71 | Texas Tech | Border | 4-7 | 66 | 59 | 0.42425 |
| 72 | Colgate | IND | 2-5 | 43 | 79 | 0.42322 |
| 73 | Syracuse | IND | 2-4-1 | 58 | 88 | 0.42226 |
| 74 | Northwestern | Western | 1-7-1 | 21 | 39 | 0.41373 |
| 75 | Temple | IND | 2-4-2 | 71 | 85 | 0.41050 |
| 76 | California | Pacific | 3-6-1 | 77 | 76 | 0.39395 |
| 77 | Utah State | MSC | 3-3 | 93 | 91 | 0.38568 |
| 78 | Kansas | Big 6 | 3-6-1 | 80 | 74 | 0.38481 |
| 79 | Colorado College | IND | 3-7 | 72 | 70 | 0.38128 |
| 80 | Ole Miss | SEC | 2-6 | 67 | 54 | 0.37621 |
| 81 | North Carolina | Southern | 1-7-1 | 44 | 57 | 0.37224 |
| 82 | Marquette | IND | 1-7 | 42 | 51 | 0.36194 |
| 83 | Columbia | IND | 2-6 | 74 | 84 | 0.34735 |
| 84 | Iowa | Western | 1-7 | 65 | 44 | 0.33596 |
| 85 | Kansas State | Big 6 | 2-5-2 | 91 | 81 | 0.33250 |
| 86 | Nebraska | Big 6 | 2-6 | 85 | 67 | 0.32970 |
| 87 | Richmond | Southern | 2-6 | 79 | 90 | 0.32548 |
| 88 | Presbyterian | IND | 3-6 | 89 | 92 | 0.32210 |
| 89 | Miami | IND | 1-7-1 | 70 | 82 | 0.30994 |
| 90 | New York University | IND | 2-5 | 90 | 94 | 0.28971 |
| 91 | Maryland | Southern | 1-7-1 | 81 | 80 | 0.28864 |
| 92 | Idaho State | IND | 4-5 | 94 | 93 | 0.28272 |
| 93 | VMI | Southern | 1-8 | 88 | 87 | 0.23517 |
| 94 | New Mexico | Border | 1-7 | 92 | 89 | 0.21417 |