Rank | Team | Conf | Record | SRS | SOS | Final |
|---|---|---|---|---|---|---|
| 1 | Ohio State | Western | 9-0 | 3 | 3 | 0.93311 |
| 2 | Army | IND | 9-0 | 4 | 4 | 0.92327 |
| 3 | Randolph Field | IND | 12-0 | 13 | 2 | 0.91025 |
| 4 | Iowa Pre-Flight | IND | 10-1 | 5 | 10 | 0.87590 |
| 5 | Norman Naval Air Station | IND | 6-0 | 14 | 1 | 0.87066 |
| 6 | Notre Dame | IND | 8-2 | 1 | 7 | 0.83558 |
| 7 | USC | Pacific | 8-0-2 | 11 | 20 | 0.83325 |
| 8 | Michigan | Western | 8-2 | 2 | 8 | 0.83246 |
| 9 | Second Air Force | IND | 6-1-1 | 9 | 6 | 0.80354 |
| 10 | Great Lakes Navy | IND | 9-2-1 | 7 | 12 | 0.80105 |
| 11 | Oklahoma State | MVC | 8-1 | 24 | 9 | 0.79460 |
| 12 | Yale | IND | 7-0-1 | 29 | 22 | 0.78868 |
| 13 | Tulsa | MVC | 8-2 | 15 | 21 | 0.76725 |
| 14 | Tennessee | SEC | 7-1-1 | 19 | 33 | 0.76212 |
| 15 | Wake Forest | Southern | 8-1 | 30 | 37 | 0.75724 |
| 16 | Georgia Tech | SEC | 8-3 | 10 | 17 | 0.75327 |
| 17 | March Field | IND | 7-2-3 | 12 | 11 | 0.74811 |
| 18 | Navy | IND | 6-3 | 6 | 5 | 0.74603 |
| 19 | Indiana | Western | 7-3 | 17 | 14 | 0.71750 |
| 20 | Michigan State | IND | 6-1 | 37 | 55 | 0.71646 |
| 21 | Duke | Southern | 6-4 | 8 | 15 | 0.69614 |
| 22 | Alabama | SEC | 5-2-2 | 20 | 36 | 0.67318 |
| 23 | Mississippi State | SEC | 6-2 | 36 | 53 | 0.67172 |
| 24 | Iowa State | Big 6 | 6-1-1 | 62 | 47 | 0.66334 |
| 25 | NC State | Southern | 7-2 | 54 | 59 | 0.66052 |
| 26 | Virginia | IND | 6-1-2 | 57 | 52 | 0.65953 |
| 27 | Georgia | SEC | 7-3 | 32 | 50 | 0.65899 |
| 28 | Holy Cross | IND | 5-2-2 | 26 | 35 | 0.65638 |
| 29 | Colorado | MSC | 6-2 | 50 | 42 | 0.65554 |
| 30 | Minnesota | Western | 5-3-1 | 22 | 16 | 0.64998 |
| 31 | Oklahoma | Big 6 | 6-3-1 | 35 | 25 | 0.64274 |
| 32 | Illinois | Western | 5-4-1 | 18 | 13 | 0.63864 |
| 33 | Washington | Pacific | 5-3 | 23 | 45 | 0.63571 |
| 34 | William & Mary | Southern | 5-2-1 | 33 | 76 | 0.63223 |
| 35 | Penn State | IND | 6-3 | 38 | 64 | 0.62412 |
| 36 | Texas A&M | Southwest | 7-4 | 42 | 38 | 0.61775 |
| 37 | Purdue | Western | 5-5 | 16 | 19 | 0.61722 |
| 38 | Coast Guard | IND | 6-3 | 59 | 27 | 0.61436 |
| 39 | Texas | Southwest | 5-4 | 27 | 18 | 0.61267 |
| 40 | TCU | Southwest | 7-3-1 | 68 | 28 | 0.60818 |
| 41 | Alameda Coast Guard | IND | 4-2-2 | 40 | 54 | 0.60533 |
| 42 | Tulane | SEC | 4-3 | 34 | 31 | 0.59676 |
| 43 | Saint Mary's (CA) Pre-Flight | IND | 4-4 | 21 | 29 | 0.59464 |
| 44 | Bucknell | IND | 7-2-1 | 73 | 83 | 0.59142 |
| 45 | Boston College | IND | 4-3 | 28 | 70 | 0.58547 |
| 46 | Drake | MVC | 7-2 | 82 | 85 | 0.57906 |
| 47 | Amarillo Field | IND | 5-4 | 48 | 23 | 0.57786 |
| 48 | Cornell | IND | 5-4 | 41 | 56 | 0.57190 |
| 49 | Fort Warren | IND | 5-5-1 | 56 | 32 | 0.53640 |
| 50 | Utah | MSC | 5-2-1 | 85 | 74 | 0.53461 |
| 51 | Arkansas | Southwest | 5-5-1 | 61 | 26 | 0.52837 |
| 52 | Auburn | SEC | 4-4 | 43 | 77 | 0.52625 |
| 53 | West Virginia | IND | 5-3-1 | 77 | 73 | 0.52032 |
| 54 | Pittsburgh | IND | 4-5 | 51 | 24 | 0.51821 |
| 55 | UCLA | Pacific | 4-5-1 | 47 | 46 | 0.51435 |
| 56 | Villanova | IND | 4-4 | 58 | 78 | 0.50273 |
| 57 | SMU | Southwest | 5-5 | 71 | 34 | 0.50067 |
| 58 | Brown | IND | 3-4-1 | 53 | 49 | 0.49976 |
| 59 | Rice | Southwest | 5-6 | 60 | 40 | 0.49732 |
| 60 | Florida | SEC | 4-3 | 78 | 75 | 0.49687 |
| 61 | Denver | MSC | 4-3-2 | 79 | 67 | 0.49387 |
| 62 | Lubbock Field | IND | 5-4 | 83 | 58 | 0.48606 |
| 63 | Missouri | Big 6 | 3-5-2 | 55 | 41 | 0.48222 |
| 64 | West Texas A&M | Border | 4-3 | 87 | 65 | 0.48169 |
| 65 | Clemson | Southern | 4-5 | 67 | 62 | 0.47325 |
| 66 | Wisconsin | Western | 3-6 | 46 | 30 | 0.47272 |
| 67 | Dartmouth | IND | 2-5-1 | 31 | 44 | 0.47187 |
| 68 | South Carolina | Southern | 3-4-2 | 64 | 72 | 0.46924 |
| 69 | California | Pacific | 3-6-1 | 45 | 63 | 0.46106 |
| 70 | LSU | SEC | 2-5-1 | 39 | 48 | 0.45856 |
| 71 | Texas Tech | Border | 4-7 | 70 | 57 | 0.42426 |
| 72 | Colgate | IND | 2-5 | 49 | 79 | 0.41688 |
| 73 | Kentucky | SEC | 3-6 | 66 | 66 | 0.41617 |
| 74 | Syracuse | IND | 2-4-1 | 63 | 88 | 0.41512 |
| 75 | Northwestern | Western | 1-7-1 | 25 | 39 | 0.41254 |
| 76 | Temple | IND | 2-4-2 | 75 | 86 | 0.40104 |
| 77 | Utah State | MSC | 3-3 | 93 | 91 | 0.38933 |
| 78 | Colorado College | IND | 3-7 | 69 | 69 | 0.38774 |
| 79 | Kansas | Big 6 | 3-6-1 | 80 | 71 | 0.38433 |
| 80 | Ole Miss | SEC | 2-6 | 72 | 61 | 0.36444 |
| 81 | Marquette | IND | 1-7 | 44 | 51 | 0.36163 |
| 82 | North Carolina | Southern | 1-7-1 | 52 | 60 | 0.36145 |
| 83 | Columbia | IND | 2-6 | 76 | 84 | 0.33945 |
| 84 | Iowa | Western | 1-7 | 65 | 43 | 0.33405 |
| 85 | Kansas State | Big 6 | 2-5-2 | 91 | 80 | 0.32971 |
| 86 | Nebraska | Big 6 | 2-6 | 86 | 68 | 0.32757 |
| 87 | Richmond | Southern | 2-6 | 81 | 90 | 0.31684 |
| 88 | Presbyterian | IND | 3-6 | 90 | 93 | 0.30873 |
| 89 | Miami | IND | 1-7-1 | 74 | 82 | 0.30163 |
| 90 | Idaho State | IND | 4-5 | 94 | 92 | 0.28416 |
| 91 | New York University | IND | 2-5 | 89 | 94 | 0.28135 |
| 92 | Maryland | Southern | 1-7-1 | 84 | 81 | 0.27853 |
| 93 | VMI | Southern | 1-8 | 88 | 87 | 0.22367 |
| 94 | New Mexico | Border | 1-7 | 92 | 89 | 0.21620 |