| Rk | Team | Record | Rating | Conference | |
|---|---|---|---|---|---|
| 1 | Notre Dame | (12-0-0) | 0.8320 | Independent | |
| 2 | Miami (Florida) | (11-1-0) | 0.7966 | Independent | |
| 3 | Southern California | (10-2-0) | 0.7795 | Pac 10 | |
| 4 | UCLA | (10-2-0) | 0.7470 | Pac 10 | |
| 5 | Florida State | (11-1-0) | 0.7003 | Independent | |
| 6 | Clemson | (10-2-0) | 0.6457 | Atlantic Coast | |
| 7 | Michigan | (9-2-1) | 0.6160 | Big Ten | |
| 8 | Washington State | (9-3-0) | 0.6085 | Pac 10 | |
| 9 | Nebraska | (11-2-0) | 0.5951 | Big Eight | |
| 10 | Auburn | (10-2-0) | 0.5902 | Southeastern | |
| 11 | West Virginia | (11-1-0) | 0.5822 | Independent | |
| 12 | Oklahoma State | (10-2-0) | 0.5601 | Big Eight | |
| 13 | Wyoming | (11-2-0) | 0.5460 | Western Athletic | |
| 14 | Arkansas | (10-2-0) | 0.5421 | Southwest | |
| 15 | Oklahoma | (9-3-0) | 0.5406 | Big Eight | |
| 16 | Arizona | (7-4-0) | 0.5288 | Pac 10 | |
| 17 | Syracuse | (10-2-0) | 0.4977 | Independent | |
| 18 | Southern Mississippi | (10-2-0) | 0.4823 | Independent | |
| 19 | Alabama | (9-3-0) | 0.4667 | Southeastern | |
| 20 | Louisiana State | (8-4-0) | 0.4596 | Southeastern | |
| 21 | Houston | (9-3-0) | 0.4366 | Southwest | |
| 22 | North Carolina State | (8-3-1) | 0.4277 | Atlantic Coast | |
| 23 | Washington | (6-5-0) | 0.4186 | Pac 10 | |
| 24 | Georgia | (9-3-0) | 0.4130 | Southeastern | |
| 25 | Hawaii | (9-3-0) | 0.4098 | Western Athletic | |
| 26 | Colorado | (8-4-0) | 0.4071 | Big Eight | |
| 27 | Texas-El Paso | (10-3-0) | 0.3923 | Western Athletic | |
| 28 | Louisville | (8-3-0) | 0.3879 | Independent | |
| 29 | Brigham Young | (9-4-0) | 0.3800 | Western Athletic | |
| 30 | Virginia | (7-4-0) | 0.3769 | Atlantic Coast | |
| 31 | Arizona State | (6-5-0) | 0.3588 | Pac 10 | |
| 32 | Duke | (7-3-1) | 0.3494 | Atlantic Coast | |
| 33 | Indiana | (8-3-1) | 0.3457 | Big Ten | |
| 34 | Fresno State | (10-2-0) | 0.3373 | Big West | |
| 35 | Oregon | (6-6-0) | 0.3338 | Pac 10 | |
| 36 | Maryland | (5-6-0) | 0.3274 | Atlantic Coast | |
| 37 | Texas A&M | (7-5-0) | 0.3265 | Southwest | |
| 38 | Michigan State | (6-5-1) | 0.3216 | Big Ten | |
| 39 | Oregon State | (4-6-1) | 0.3048 | Pac 10 | |
| 40 | Iowa | (6-4-3) | 0.3007 | Big Ten | |
| 41 | South Carolina | (8-4-0) | 0.3000 | Independent | |
| 42 | Wake Forest | (6-4-1) | 0.2996 | Atlantic Coast | |
| 43 | California | (5-5-1) | 0.2911 | Pac 10 | |
| 44 | Ball State | (8-3-0) | 0.2894 | Mid-American | |
| 45 | Western Michigan | (9-3-0) | 0.2883 | Mid-American | |
| 46 | Army | (9-3-0) | 0.2799 | Independent | |
| 47 | Stanford | (3-6-2) | 0.2773 | Pac 10 | |
| 48 | Pittsburgh | (6-5-0) | 0.2690 | Independent | |
| 49 | Illinois | (6-5-1) | 0.2594 | Big Ten | |
| 50 | Florida | (7-5-0) | 0.2542 | Southeastern | |
| 51 | Penn State | (5-6-0) | 0.2537 | Independent | |
| 52 | Tennessee | (5-6-0) | 0.2451 | Southeastern | |
| 53 | Kentucky | (5-6-0) | 0.2432 | Southeastern | |
| 54 | Eastern Michigan | (6-3-1) | 0.2137 | Mid-American | |
| 55 | Central Michigan | (7-4-0) | 0.1979 | Mid-American | |
| 56 | Mississippi | (5-6-0) | 0.1974 | Southeastern | |
| 57 | Utah | (6-5-0) | 0.1963 | Western Athletic | |
| 58 | Memphis | (6-5-0) | 0.1884 | Independent | |
| 59 | Rutgers | (5-6-0) | 0.1701 | Independent | |
| 60 | Air Force | (5-7-0) | 0.1583 | Western Athletic | |
| 61 | Tulsa | (4-7-0) | 0.1413 | Independent | |
| 62 | Ohio State | (4-6-1) | 0.1398 | Big Ten | |
| 63 | Texas Tech | (5-6-0) | 0.1390 | Southwest | |
| 64 | Baylor | (6-5-0) | 0.1236 | Southwest | |
| 65 | Northern Illinois | (7-4-0) | 0.1036 | Independent | |
| 66 | Iowa State | (5-6-0) | 0.0877 | Big Eight | |
| 67 | Virginia Tech | (3-8-0) | 0.0850 | Independent | |
| 68 | Georgia Tech | (3-8-0) | 0.0844 | Atlantic Coast | |
| 69 | Texas | (4-7-0) | 0.0787 | Southwest | |
| 70 | Tulane | (5-6-0) | 0.0688 | Independent | |
| 71 | Louisiana-Lafayette | (6-5-0) | 0.0616 | Independent | |
| 72 | Fullerton State | (5-6-0) | 0.0538 | Big West | |
| 73 | Missouri | (3-7-1) | 0.0419 | Big Eight | |
| 74 | Toledo | (6-5-0) | 0.0391 | Mid-American | |
| 75 | Vanderbilt | (3-8-0) | 0.0331 | Southeastern | |
| 76 | Kent State | (5-6-0) | 0.0120 | Mid-American | |
| 77 | Texas Christian | (4-7-0) | 0.0103 | Southwest | |
| 78 | San Diego State | (3-8-0) | -0.0034 | Western Athletic | |
| 79 | East Carolina | (3-8-0) | -0.0113 | Independent | |
| 80 | Boston College | (3-8-0) | -0.0160 | Independent | |
| 81 | Minnesota | (2-7-2) | -0.0210 | Big Ten | |
| 82 | Temple | (4-7-0) | -0.0392 | Independent | |
| 83 | North Carolina | (1-10-0) | -0.0499 | Atlantic Coast | |
| 84 | Akron | (5-6-0) | -0.0676 | Independent | |
| 85 | Purdue | (4-7-0) | -0.0710 | Big Ten | |
| 86 | Navy | (3-8-0) | -0.0769 | Independent | |
| 87 | Utah State | (4-7-0) | -0.0831 | Big West | |
| 88 | San Jose State | (4-8-0) | -0.0926 | Big West | |
| 89 | Northwestern | (2-8-1) | -0.1244 | Big Ten | |
| 90 | Colorado State | (1-10-0) | -0.1284 | Western Athletic | |
| 91 | Ohio | (4-6-1) | -0.1399 | Mid-American | |
| 92 | Mississippi State | (1-10-0) | -0.1874 | Southeastern | |
| 93 | Nevada-Las Vegas | (4-7-0) | -0.2034 | Big West | |
| 94 | New Mexico | (2-10-0) | -0.2362 | Western Athletic | |
| 95 | Long Beach State | (3-9-0) | -0.2496 | Big West | |
| 96 | Cincinnati | (3-8-0) | -0.2740 | Independent | |
| 97 | Wisconsin | (1-10-0) | -0.2849 | Big Ten | |
| 98 | Bowling Green State | (2-8-1) | -0.3112 | Mid-American | |
| 99 | Kansas | (1-10-0) | -0.3227 | Big Eight | |
| 100 | Rice | (0-11-0) | -0.3516 | Southwest | |
| 101 | Pacific | (2-9-0) | -0.3615 | Big West | |
| 102 | Kansas State | (0-11-0) | -0.4135 | Big Eight | |
| 103 | Miami (Ohio) | (0-10-1) | -0.4979 | Mid-American | |
| 103= | New Mexico State | (1-10-0) | -0.4979 | Big West |
Average Ratings by Conference (1988)
| Rk | Conference | Rating | |
|---|---|---|---|
| 1 | Pac 10 | 0.4648 | |
| 2 | Atlantic Coast | 0.3077 | |
| 3 | Southeastern | 0.2715 | |
| 4 | Independent | 0.2381 | |
| 5 | Western Athletic | 0.1905 | |
| 6 | Big Eight | 0.1870 | |
| 7 | Southwest | 0.1632 | |
| 8 | Big Ten | 0.1482 | |
| 9 | Mid-American | 0.0102 | |
| 10 | Big West | -0.1371 |