2003 Reward Ranking (after bowl games)
| Rank | Name | W | L | Reward | AP | ESPN/USA Today |
| 1 | LouisianaState | 13 | 1 | 7.7447 | 2 | 1 |
| 2 | SouthernCalifornia | 12 | 1 | 6.9772 | 1 | 2 |
| 3 | Miami(Florida) | 11 | 2 | 6.2757 | 5 | 5 |
| 4 | Miami(Ohio) | 13 | 1 | 6.2251 | 10 | 12 |
| 5 | OhioState | 11 | 2 | 5.9472 | 4 | 4 |
| 6 | Oklahoma | 12 | 2 | 5.6674 | 3 | 3 |
| 7 | BoiseState | 13 | 1 | 5.5039 | 16 | 15 |
| 8 | Michigan | 10 | 3 | 5.4870 | 6 | 7 |
| 9 | Georgia | 11 | 3 | 5.1847 | 7 | 6 |
| 10 | Iowa | 10 | 3 | 5.1792 | 8 | 8 |
| 11 | FloridaState | 10 | 3 | 4.8633 | 11 | 10 |
| 12 | Tennessee | 10 | 3 | 4.7814 | 15 | 16 |
| 13 | Texas | 10 | 3 | 4.7319 | 12 | 11 |
| 14 | Utah | 10 | 2 | 4.5864 | 21 | 21 |
| 15 | BowlingGreenState | 11 | 3 | 4.4913 | 23 | 23 |
| 16 | WashingtonState | 10 | 3 | 4.4094 | 9 | 9 |
| 17 | Mississippi | 10 | 3 | 4.3208 | 13 | 14 |
| 18 | Maryland | 10 | 3 | 4.2996 | 17 | 20 |
| 19 | NorthernIllinois | 10 | 2 | 4.2436 | 29 | 26 |
| 20 | Minnesota | 10 | 3 | 3.9363 | 20 | 17 |
| 21 | KansasState | 11 | 4 | 3.9345 | 14 | 13 |
| 22 | Nebraska | 10 | 3 | 3.9207 | 19 | 18 |
| 23 | Clemson | 9 | 4 | 3.8746 | 22 | 22 |
| 24 | Purdue | 9 | 4 | 3.7897 | 18 | 19 |
| 25 | TexasChristian | 11 | 2 | 3.6660 | 25 | 24 |
| 26 | Florida | 8 | 5 | 3.4845 | 24 | 25 |
| 27 | Arkansas | 9 | 4 | 3.3616 | 27 | 27 |
| 28 | OklahomaState | 9 | 4 | 3.3183 | 26 | 28 |
| 29 | Auburn | 8 | 5 | 2.9288 | 30T | 29 |
| 30 | SouthernMississippi | 9 | 4 | 2.5909 | NR | 33 |
| 31 | NorthCarolinaState | 8 | 5 | 2.3751 | 32T | 30 |
| 32 | California | 8 | 6 | 2.3555 | NR | 41T |
| 33 | MichiganState | 8 | 5 | 2.3387 | NR | 41T |
| 34 | Connecticut | 9 | 3 | 2.2626 | 35 | 41T |
| 35 | Oregon | 8 | 5 | 2.2289 | ||
| 36 | Wisconsin | 7 | 6 | 2.2206 | ||
| 37 | OregonState | 8 | 5 | 2.1638 | ||
| 38 | TexasTech | 8 | 5 | 2.1007 | ||
| 39 | Marshall | 8 | 4 | 2.0747 | ||
| 40 | NotreDame | 5 | 7 | 1.9161 | ||
| 41 | GeorgiaTech | 7 | 6 | 1.8999 | ||
| 42 | Memphis | 9 | 4 | 1.8438 | ||
| 43 | Virginia | 8 | 5 | 1.8427 | ||
| 44 | Missouri | 8 | 5 | 1.8329 | ||
| 45 | VirginiaTech | 8 | 5 | 1.8116 | ||
| 46 | Toledo | 8 | 4 | 1.7465 | ||
| 47 | Washington | 6 | 6 | 1.6805 | ||
| 48 | FresnoState | 9 | 5 | 1.6165 | ||
| 49 | NewMexico | 8 | 5 | 1.6110 | ||
| 50 | SouthCarolina | 5 | 7 | 1.5424 | ||
| 51 | WestVirginia | 8 | 5 | 1.5026 | ||
| 52 | Louisville | 9 | 4 | 1.4564 | ||
| 53 | WakeForest | 5 | 7 | 1.4557 | ||
| 54 | Northwestern | 6 | 7 | 1.3663 | ||
| 55 | SouthFlorida | 7 | 4 | 1.3616 | ||
| 56 | Pittsburgh | 8 | 5 | 1.3010 | ||
| 57 | Colorado |