| Rk | Team | Record | Rating | Conference | |
|---|---|---|---|---|---|
| 1 | Georgia Tech | (10-0-0) | 0.7372 | Southern | |
| 2 | Wisconsin | (7-1-1) | 0.6368 | Big Ten | |
| 3 | Tennessee | (9-0-1) | 0.6151 | Southern | |
| 4 | Minnesota | (6-2-0) | 0.5979 | Big Ten | |
| 5 | Illinois | (7-1-0) | 0.5632 | Big Ten | |
| 6 | Southern California | (9-0-1) | 0.5459 | Pacific Coast | |
| 7 | Carnegie Tech | (7-1-0) | 0.5413 | Independent | |
| 8 | Vanderbilt | (8-2-0) | 0.5228 | Southern | |
| 9 | Ohio State | (5-2-1) | 0.5171 | Big Ten | |
| 10 | Northwestern | (5-3-0) | 0.4990 | Big Ten | |
| 11 | Iowa | (6-2-0) | 0.4907 | Big Ten | |
| 12 | Texas | (7-2-0) | 0.4904 | Southwest | |
| 13 | Alabama | (6-3-0) | 0.4662 | Southern | |
| 14 | Nebraska | (7-1-1) | 0.4512 | Big Six | |
| 15 | New York University | (8-2-0) | 0.4495 | Independent | |
| 16 | Florida | (8-1-0) | 0.4417 | Southern | |
| 17 | Detroit Mercy | (9-0-0) | 0.4369 | Independent | |
| 18 | Drake | (7-1-0) | 0.4257 | Missouri Valley | |
| 19 | Notre Dame | (5-4-0) | 0.4175 | Independent | |
| 20 | Georgetown | (8-2-0) | 0.4164 | Independent | |
| 21 | Purdue | (5-2-1) | 0.4158 | Big Ten | |
| 22 | Army | (8-2-0) | 0.4060 | Independent | |
| 23 | Pennsylvania | (8-1-0) | 0.3917 | Independent | |
| 24 | Indiana | (4-4-0) | 0.3813 | Big Ten | |
| 25 | Baylor | (8-2-0) | 0.3621 | Southwest | |
| 26 | Arkansas | (7-2-0) | 0.3601 | Southwest | |
| 27 | Texas Christian | (8-2-0) | 0.3548 | Southwest | |
| 28 | California | (6-2-2) | 0.3403 | Pacific Coast | |
| 29 | Oregon State | (6-3-0) | 0.3336 | Pacific Coast | |
| 30 | Oregon | (9-2-0) | 0.3312 | Pacific Coast | |
| 31 | Kentucky | (4-3-1) | 0.3253 | Southern | |
| 32 | Louisiana State | (6-2-1) | 0.3210 | Southern | |
| 33 | Pittsburgh | (6-2-1) | 0.3173 | Independent | |
| 34 | Brown | (8-1-0) | 0.3136 | Independent | |
| 35 | Colgate | (6-3-0) | 0.3124 | Independent | |
| 36 | Princeton | (5-1-2) | 0.3122 | Independent | |
| 37 | Stanford | (8-3-1) | 0.3114 | Pacific Coast | |
| 38 | Southern Methodist | (6-3-1) | 0.3074 | Southwest | |
| 39 | Washington State | (7-3-0) | 0.3006 | Pacific Coast | |
| 40 | Virginia Tech | (7-2-0) | 0.2893 | Southern | |
| 41 | Michigan | (3-4-1) | 0.2850 | Big Ten | |
| 42 | West Virginia | (8-2-0) | 0.2817 | Independent | |
| 43 | Harvard | (5-2-1) | 0.2744 | Independent | |
| 44 | Tulane | (6-3-1) | 0.2552 | Southern | |
| 45 | Clemson | (8-3-0) | 0.2468 | Southern | |
| 46 | Navy | (5-3-1) | 0.2437 | Independent | |
| 47 | Oklahoma | (5-3-0) | 0.2212 | Big Six | |
| 48 | North Carolina | (5-3-2) | 0.2173 | Southern | |
| 49 | Virginia Military Institute | (5-3-2) | 0.2018 | Southern | |
| 50 | Maryland | (6-3-1) | 0.1963 | Southern | |
| 51 | Mississippi | (5-4-0) | 0.1778 | Southern | |
| 52 | South Carolina | (6-2-2) | 0.1739 | Independent | |
| 53 | Washington | (7-4-0) | 0.1646 | Pacific Coast | |
| 54 | Missouri | (4-4-0) | 0.1580 | Big Six | |
| 55 | Yale | (4-4-0) | 0.1542 | Independent | |
| 56 | Georgia | (4-5-0) | 0.1366 | Southern | |
| 57 | Texas A&M | (5-4-1) | 0.1251 | Southwest | |
| 57= | Marquette | (5-3-1) | 0.1251 | Independent | |
| 59 | Dartmouth | (5-4-0) | 0.1021 | Independent | |
| 60 | Grinnell | (4-3-1) | 0.0992 | Missouri Valley | |
| 61 | Columbia | (5-3-1) | 0.0712 | Independent | |
| 62 | Iowa State | (2-5-1) | 0.0452 | Big Six | |
| 63 | Syracuse | (4-4-1) | 0.0404 | Independent | |
| 64 | North Carolina State | (4-5-1) | 0.0177 | Southern | |
| 65 | Duke | (5-5-0) | 0.0146 | Independent | |
| 66 | Chicago | (2-7-0) | 0.0111 | Big Ten | |
| 67 | Michigan State | (3-4-1) | 0.0089 | Independent | |
| 68 | Creighton | (3-5-1) | -0.0040 | Missouri Valley | |
| 69 | Cornell | (3-3-2) | -0.0093 | Independent | |
| 70 | Kansas | (2-4-2) | -0.0108 | Big Six | |
| 71 | Furman | (5-4-0) | -0.0124 | Independent | |
| 72 | Idaho | (3-4-1) | -0.0316 | Pacific Coast | |
| 73 | Fordham | (4-5-0) | -0.0375 | Independent | |
| 74 | Penn State | (3-5-1) | -0.0437 | Independent | |
| 75 | Kansas State | (3-5-0) | -0.0538 | Big Six | |
| 76 | Virginia | (2-6-1) | -0.0655 | Southern | |
| 77 | UCLA | (4-4-1) | -0.0697 | Pacific Coast | |
| 78 | Washington & Lee | (2-8-0) | -0.0743 | Southern | |
| 79 | Mississippi State | (2-4-2) | -0.0785 | Southern | |
| 80 | Montana | (4-5-1) | -0.1187 | Pacific Coast | |
| 81 | Washington (Missouri) | (2-5-1) | -0.1297 | Missouri Valley | |
| 82 | Sewanee | (2-7-0) | -0.1447 | Southern | |
| 83 | Montana State | (4-4-1) | -0.1570 | Independent | |
| 84 | Washington & Jefferson | (2-5-2) | -0.1934 | Independent | |
| 85 | Auburn | (1-8-0) | -0.2603 | Southern | |
| 86 | Rice | (2-7-0) | -0.2846 | Southwest | |
| 87 | Wake Forest | (2-6-2) | -0.3413 | Independent | |
| 88 | Davidson | (2-8-0) | -0.4147 | Independent | |
| 89 | Oklahoma State | (1-7-0) | -0.5854 | Missouri Valley |
Average Ratings by Conference (1928)
| Rk | Conference | Rating | |
|---|---|---|---|
| 1 | Big Ten | 0.4398 | |
| 2 | Southwest | 0.2451 | |
| 3 | Southern | 0.2164 | |
| 4 | Pacific Coast | 0.2108 | |
| 5 | Independent | 0.1532 | |
| 6 | Big Six | 0.1352 | |
| 7 | Missouri Valley | -0.0388 |