| Rk | Team | Record | Rating | Conference | |
|---|---|---|---|---|---|
| 1 | Ohio State | (10-0-0) | 0.8273 | Big Ten | |
| 2 | Texas | (9-1-1) | 0.7706 | Southwest | |
| 3 | Arkansas | (10-1-0) | 0.7553 | Southwest | |
| 4 | Penn State | (11-0-0) | 0.7462 | Independent | |
| 5 | Georgia | (8-1-2) | 0.7339 | Southeastern | |
| 6 | Southern California | (9-1-1) | 0.6892 | AAWU | |
| 7 | Kansas | (9-2-0) | 0.6467 | Big Eight | |
| 8 | Tennessee | (8-2-1) | 0.6273 | Southeastern | |
| 9 | Missouri | (8-3-0) | 0.6177 | Big Eight | |
| 10 | Alabama | (8-3-0) | 0.6076 | Southeastern | |
| 11 | Southern Methodist | (8-3-0) | 0.6012 | Southwest | |
| 12 | Purdue | (8-2-0) | 0.5782 | Big Ten | |
| 13 | Auburn | (7-4-0) | 0.5578 | Southeastern | |
| 14 | Oklahoma | (7-4-0) | 0.5462 | Big Eight | |
| 15 | Yale | (8-0-1) | 0.5279 | Ivy | |
| 16 | Harvard | (8-0-1) | 0.5160 | Ivy | |
| 17 | Mississippi | (7-3-1) | 0.5131 | Southeastern | |
| 18 | Houston | (6-2-2) | 0.5057 | Independent | |
| 19 | Oregon State | (7-3-0) | 0.4974 | AAWU | |
| 20 | Ohio | (10-1-0) | 0.4964 | Mid-American | |
| 21 | Michigan | (8-2-0) | 0.4931 | Big Ten | |
| 22 | Notre Dame | (7-2-1) | 0.4894 | Independent | |
| 23 | Florida State | (8-3-0) | 0.4766 | Independent | |
| 24 | Army | (7-3-0) | 0.4565 | Independent | |
| 25 | Nebraska | (6-4-0) | 0.4344 | Big Eight | |
| 26 | Minnesota | (6-4-0) | 0.4342 | Big Ten | |
| 27 | Louisiana State | (8-3-0) | 0.4317 | Southeastern | |
| 28 | Florida | (6-3-1) | 0.4225 | Southeastern | |
| 29 | Indiana | (6-4-0) | 0.4103 | Big Ten | |
| 30 | Arizona | (8-3-0) | 0.4062 | Western Athletic | |
| 31 | California | (7-3-1) | 0.3957 | AAWU | |
| 32 | Arizona State | (8-2-0) | 0.3938 | Western Athletic | |
| 33 | Wyoming | (7-3-0) | 0.3908 | Western Athletic | |
| 34 | Virginia Tech | (7-4-0) | 0.3858 | Independent | |
| 35 | Air Force | (7-3-0) | 0.3844 | Independent | |
| 36 | Stanford | (6-3-1) | 0.3713 | AAWU | |
| 37 | North Texas | (8-2-0) | 0.3681 | Missouri Valley | |
| 38 | Memphis | (6-4-0) | 0.3516 | Missouri Valley | |
| 39 | Miami (Florida) | (5-5-0) | 0.3458 | Independent | |
| 40 | Miami (Ohio) | (7-3-0) | 0.3413 | Mid-American | |
| 41 | Vanderbilt | (5-4-1) | 0.3379 | Southeastern | |
| 42 | Michigan State | (5-5-0) | 0.3354 | Big Ten | |
| 43 | Pennsylvania | (7-2-0) | 0.3311 | Ivy | |
| 44 | West Virginia | (7-3-0) | 0.3263 | Independent | |
| 45 | Richmond | (8-3-0) | 0.3045 | Southern | |
| 46 | Rutgers | (8-2-0) | 0.2987 | Independent | |
| 47 | Texas Tech | (5-3-2) | 0.2964 | Southwest | |
| 48 | Iowa | (5-5-0) | 0.2953 | Big Ten | |
| 49 | North Carolina State | (6-4-0) | 0.2912 | Atlantic Coast | |
| 50 | Kentucky | (3-7-0) | 0.2783 | Southeastern | |
| 51 | West Texas A&M | (8-2-0) | 0.2538 | Independent | |
| 52 | Bowling Green State | (6-3-1) | 0.2492 | Mid-American | |
| 53 | Syracuse | (6-4-0) | 0.2392 | Independent | |
| 54 | Kansas State | (4-6-0) | 0.2361 | Big Eight | |
| 55 | Toledo | (5-4-1) | 0.2318 | Mid-American | |
| 56 | Oklahoma State | (3-7-0) | 0.2296 | Big Eight | |
| 57 | Colorado | (4-6-0) | 0.2235 | Big Eight | |
| 58 | Clemson | (4-5-1) | 0.2208 | Atlantic Coast | |
| 59 | Boston College | (6-3-0) | 0.2179 | Independent | |
| 60 | Virginia | (7-3-0) | 0.2132 | Atlantic Coast | |
| 61 | Cincinnati | (5-4-1) | 0.2106 | Missouri Valley | |
| 62 | Texas A&M | (3-7-0) | 0.1659 | Southwest | |
| 63 | Utah State | (7-3-0) | 0.1655 | Independent | |
| 64 | Princeton | (4-5-0) | 0.1502 | Ivy | |
| 65 | South Carolina | (4-6-0) | 0.1477 | Atlantic Coast | |
| 66 | Xavier | (6-4-0) | 0.1328 | Independent | |
| 67 | Dayton | (5-5-0) | 0.1222 | Independent | |
| 68 | Oregon | (4-6-0) | 0.1196 | AAWU | |
| 69 | UCLA | (3-7-0) | 0.1112 | AAWU | |
| 70 | Georgia Tech | (4-6-0) | 0.1081 | Independent | |
| 71 | Iowa State | (3-7-0) | 0.1030 | Big Eight | |
| 72 | Texas Christian | (3-7-0) | 0.0972 | Southwest | |
| 73 | Baylor | (3-7-0) | 0.0895 | Southwest | |
| 74 | Villanova | (6-4-0) | 0.0767 | Independent | |
| 75 | Washington | (3-5-2) | 0.0744 | AAWU | |
| 76 | Buffalo | (7-3-0) | 0.0734 | Independent | |
| 77 | Texas-El Paso | (4-5-1) | 0.0655 | Western Athletic | |
| 78 | Washington State | (3-6-1) | 0.0437 | AAWU | |
| 79 | Dartmouth | (4-5-0) | 0.0378 | Ivy | |
| 80 | Utah | (3-7-0) | 0.0356 | Western Athletic | |
| 81 | Duke | (4-6-0) | 0.0243 | Atlantic Coast | |
| 82 | Wake Forest | (2-7-1) | 0.0186 | Atlantic Coast | |
| 83 | Colgate | (5-5-0) | 0.0070 | Independent | |
| 84 | Tulsa | (3-7-0) | -0.0151 | Missouri Valley | |
| 85 | Cornell | (3-6-0) | -0.0294 | Ivy | |
| 86 | Louisville | (5-5-0) | -0.0306 | Missouri Valley | |
| 87 | Illinois | (1-9-0) | -0.0384 | Big Ten | |
| 88 | Citadel | (5-5-0) | -0.0405 | Southern | |
| 89 | North Carolina | (3-7-0) | -0.0554 | Atlantic Coast | |
| 90 | Holy Cross | (3-6-1) | -0.0680 | Independent | |
| 91 | New Mexico State | (5-5-0) | -0.0742 | Independent | |
| 92 | Southern Mississippi | (4-6-0) | -0.0819 | Independent | |
| 93 | Navy | (2-8-0) | -0.0987 | Independent | |
| 94 | Western Michigan | (3-6-0) | -0.1103 | Mid-American | |
| 95 | William & Mary | (3-7-0) | -0.1131 | Southern | |
| 96 | Tulane | (2-8-0) | -0.1252 | Independent | |
| 97 | Maryland | (2-8-0) | -0.1303 | Atlantic Coast | |
| 98 | Rice | (0-9-1) | -0.1327 | Southwest | |
| 99 | Mississippi State | (0-8-2) | -0.1466 | Southeastern | |
| 100 | Northwestern | (1-9-0) | -0.1578 | Big Ten | |
| 101 | Davidson | (3-6-0) | -0.1668 | Southern | |
| 102 | Brigham Young | (2-8-0) | -0.1769 | Western Athletic | |
| 103 | Columbia | (2-7-0) | -0.1909 | Ivy | |
| 104 | Pittsburgh | (1-9-0) | -0.2256 | Independent | |
| 105 | Wisconsin | (0-10-0) | -0.2462 | Big Ten | |
| 106 | Colorado State | (2-8-0) | -0.2631 | Western Athletic | |
| 107 | Virginia Military Institute | (1-9-0) | -0.2749 | Southern | |
| 108 | East Carolina | (4-6-0) | -0.2857 | Southern | |
| 109 | Brown | (2-7-0) | -0.3129 | Ivy | |
| 110 | Kent State | (1-9-0) | -0.3789 | Mid-American | |
| 111 | San Jose State | (3-7-0) | -0.4090 | Independent | |
| 112 | Marshall | (0-9-1) | -0.5571 | Mid-American | |
| 113 | Wichita State | (0-10-0) | -0.5740 | Missouri Valley | |
| 114 | New Mexico | (0-10-0) | -0.6250 | Western Athletic | |
| 115 | Furman | (1-9-0) | -0.6258 | Southern |
Average Ratings by Conference (1968)
| Rk | Conference | Rating | |
|---|---|---|---|
| 1 | Southeastern | 0.4364 | |
| 2 | Big Eight | 0.3797 | |
| 3 | Southwest | 0.3304 | |
| 4 | Big Ten | 0.2931 | |
| 5 | AAWU | 0.2878 | |
| 6 | Independent | 0.1752 | |
| 7 | Ivy | 0.1287 | |
| 8 | Atlantic Coast | 0.0913 | |
| 9 | Missouri Valley | 0.0518 | |
| 10 | Mid-American | 0.0389 | |
| 11 | Western Athletic | 0.0284 | |
| 12 | Southern | -0.1718 |