Record: 57-68, .456 W-L% (9th of 12) (Schedule and Results)
SRS: -4.37 (9th of 12) ▪ SOS: -3.20 (9th of 12)
Conference Champion: Cincinnati and Texas Christian
Ranked in Preseason AP Poll: 1 (Louisville)
Ranked in Final AP Poll: 1 (Texas Christian)
| Passing | Rushing | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rk | Player | School | Cmp | Att | Pct | Yds | Y/A | AY/A | TD | Int | Rate | Att | Yds | Avg | TD |
| 1 | Nick Eddy | Houston | 134 | 265 | 50.6 | 2054 | 7.8 | 5.9 | 16 | 18 | 122.0 | 37 | -39 | -1.1 | 2 |
| 2 | Gino Guidugli* | Cincinnati | 258 | 472 | 54.7 | 3543 | 7.5 | 6.4 | 22 | 21 | 124.2 | 69 | 27 | 0.4 | 3 |
| 3 | Micky D'Angelo* | Southern Mississippi | 122 | 232 | 52.6 | 1647 | 7.1 | 6.2 | 7 | 8 | 115.3 | 61 | -21 | -0.3 | 0 |
| 4 | Darrell Hackney | Alabama-Birmingham | 149 | 293 | 50.9 | 1977 | 6.7 | 6.6 | 14 | 7 | 118.5 | 85 | -16 | -0.2 | 2 |
| 5 | Sean Stilley* | Texas Christian | 114 | 204 | 55.9 | 1371 | 6.7 | 4.9 | 6 | 11 | 111.3 | 65 | 86 | 1.3 | 1 |
| 6 | Dave Ragone* | Louisville | 237 | 442 | 53.6 | 2880 | 6.5 | 6.5 | 24 | 11 | 121.3 | 131 | 248 | 1.9 | 0 |
| 7 | Danny Wimprine | Memphis | 235 | 435 | 54.0 | 2820 | 6.5 | 5.7 | 23 | 18 | 117.7 | 98 | 40 | 0.4 | 2 |
| 8 | Paul Troth | East Carolina | 177 | 359 | 49.3 | 2315 | 6.4 | 4.8 | 15 | 20 | 106.1 | 61 | -210 | -3.4 | 1 |
| 9 | J.P. Losman* | Tulane | 230 | 401 | 57.4 | 2468 | 6.2 | 6.0 | 19 | 10 | 119.7 | 88 | 19 | 0.2 | 6 |
| 10 | Zac Dahman | Army | 89 | 184 | 48.4 | 1039 | 5.6 | 4.0 | 5 | 9 | 95.0 | 24 | -71 | -3.0 | 0 |