2003 Reward Ranking (before bowl games)
| Rank | Name | W | L | Reward | AP | ESPN/USA Today |
| 1 | LouisianaState | 12 | 1 | 7.0443 | 2 | 2 |
| 2 | Oklahoma | 12 | 1 | 7.0057 | 3 | 3 |
| 3 | Michigan | 10 | 2 | 6.4930 | 4 | 4 |
| 4 | Miami(Ohio) | 12 | 1 | 6.2088 | 14 | 15 |
| 5 | SouthernCalifornia | 11 | 1 | 6.1691 | 1 | 1 |
| 6 | Miami(Florida) | 10 | 2 | 6.0824 | 10 | 9 |
| 7 | OhioState | 10 | 2 | 6.0591 | 7 | 6 |
| 8 | Texas | 10 | 2 | 5.9682 | 5 | 5 |
| 9 | Tennessee | 10 | 2 | 5.6593 | 6 | 7 |
| 10 | FloridaState | 10 | 2 | 5.5210 | 9 | 8 |
| 11 | Iowa | 9 | 3 | 5.3737 | 13 | 12 |
| 12 | KansasState | 11 | 3 | 5.2425 | 8 | 10 |
| 13 | Georgia | 10 | 3 | 4.9080 | 11 | 11 |
| 14 | Purdue | 9 | 3 | 4.7865 | 12 | 13 |
| 15 | TexasChristian | 11 | 1 | 4.7788 | 19 | 19 |
| 16 | Utah | 9 | 2 | 4.7239 | 25 | 25 |
| 17 | OklahomaState | 9 | 3 | 4.6307 | 21 | 22 |
| 18 | BoiseState | 12 | 1 | 4.5996 | 18 | 16 |
| 19 | BowlingGreenState | 10 | 3 | 4.5750 | 26 | 30 |
| 20 | Nebraska | 9 | 3 | 4.3126 | 22 | 21 |
| 21 | Florida | 8 | 4 | 4.2811 | 17 | 17 |
| 22 | Mississippi | 9 | 3 | 4.1454 | 16 | 18 |
| 23 | NorthernIllinois | 10 | 2 | 4.1264 | 29 | 28 |
| 24 | WashingtonState | 9 | 3 | 4.0235 | 15 | 14 |
| 25 | Maryland | 9 | 3 | 3.9505 | 23 | 24 |
| 26 | Minnesota | 9 | 3 | 3.8311 | 24 | 20 |
| 27 | SouthernMississippi | 9 | 3 | 3.6328 | 28 | 27 |
| 28 | Clemson | 8 | 4 | 3.4162 | 31 | 31 |
| 29 | MichiganState | 8 | 4 | 3.3971 | 32 | 29 |
| 30 | Arkansas | 8 | 4 | 3.3615 | ||
| 31 | Oregon | 8 | 4 | 3.3523 | ||
| 32 | Missouri | 8 | 4 | 3.0595 | ||
| 33 | VirginiaTech | 8 | 4 | 2.8658 | ||
| 34 | NewMexico | 8 | 4 | 2.7323 | ||
| 35 | Auburn | 7 | 5 | 2.6195 | ||
| 36 | Wisconsin | 7 | 5 | 2.5511 | ||
| 37 | WestVirginia | 8 | 4 | 2.5213 | ||
| 38 | California | 7 | 6 | 2.4233 | ||
| 39 | Pittsburgh | 8 | 4 | 2.3561 | ||
| 40 | Louisville | 9 | 3 | 2.3536 | ||
| 41 | Marshall | 8 | 4 | 2.3230 | ||
| 42 | TexasTech | 7 | 5 | 2.2949 | ||
| 43 | Connecticut | 9 | 3 | 2.2661 | ||
| 44 | NorthCarolinaState | 7 | 5 | 2.1124 | ||
| 45 | NotreDame | 5 | 7 | 2.0607 | ||
| 46 | OregonState | 7 | 5 | 1.9261 | ||
| 47 | Toledo | 8 | 4 | 1.9098 | ||
| 48 | NorthTexas | 9 | 3 | 1.9055 | ||
| 49 | Memphis | 8 | 4 | 1.8231 | ||
| 50 | Northwestern | 6 | 6 | 1.8013 | ||
| 51 | Washington | 6 | 6 | 1.6663 | ||
| 52 | Colorado | 5 | 7 | 1.6101 | ||
| 53 | Virginia | 7 | 5 | 1.6013 | ||
| 54 | UCLA | 6 | 6 | 1.5960 | ||
| 55 | GeorgiaTech | 6 | 6 | 1.5549 | ||
| 56 | SouthFlorida | 7 | 4 | 1.5459 | ||
| 57 | FresnoState |