National Champion: Miami (FL) (AP, FWAA, NFF, UPI, USA-CNN)
Heisman Memorial Trophy: Tim Brown (Notre Dame)
FWAA Coach of the Year Award: Dick MacPherson (Syracuse)
AP Preseason #1: Oklahoma ▪ AP Final #1: Miami (FL)
| Date | Bowl | Winner/Tie | Pts | Loser/Tie | Pts | Notes |
|---|---|---|---|---|---|---|
| 1988-01-02 | Hall of Fame Bowl | Michigan | 28 | Alabama | 24 | Hall of Fame Bowl (Tampa, FL) |
| 1988-01-02 | Peach Bowl | Tennessee | 27 | Indiana | 22 | Peach Bowl (Atlanta, GA) |
| 1988-01-01 | Citrus Bowl | Clemson | 35 | Penn State | 10 | Citrus Bowl (Orlando, FL) |
| 1988-01-01 | Cotton Bowl | Texas A&M | 35 | Notre Dame | 10 | Cotton Bowl (Dallas, TX) |
| 1988-01-01 | Fiesta Bowl | Florida State | 31 | Nebraska | 28 | Fiesta Bowl (Tempe, AZ) |
| 1988-01-01 | Orange Bowl | Miami (FL) | 20 | Oklahoma | 14 | Orange Bowl (Miami, FL) |
| 1988-01-01 | Rose Bowl | Michigan State | 20 | Southern California | 17 | Rose Bowl (Pasadena, CA) |
| 1988-01-01 | Sugar Bowl | Syracuse | 16 | Auburn | 16 | Sugar Bowl (New Orleans, LA) |
| 1987-12-31 | Bluebonnet Bowl | Texas | 32 | Pittsburgh | 27 | Bluebonnet Bowl (Houston, TX) |
| 1987-12-31 | Gator Bowl | Louisiana State | 30 | South Carolina | 13 | Gator Bowl (Jacksonville, FL) |
| 1987-12-30 | Freedom Bowl | Arizona State | 33 | Air Force | 28 | Freedom Bowl (Anaheim, CA) |
| 1987-12-30 | Holiday Bowl | Iowa | 20 | Wyoming | 19 | Holiday Bowl (San Diego, CA) |
| 1987-12-29 | Liberty Bowl | Georgia | 20 | Arkansas | 17 | Liberty Bowl (Memphis, TN) |
| 1987-12-25 | Aloha Bowl | UCLA | 20 | Florida | 16 | Aloha Bowl (Honolulu, HI) |
| 1987-12-25 | Sun Bowl | Oklahoma State | 35 | West Virginia | 33 | Sun Bowl (El Paso, TX) |
| 1987-12-22 | All-American Bowl | Virginia | 22 | Brigham Young | 16 | All-American Bowl (Birmingham, AL) |
| 1987-12-19 | Independence Bowl | Washington | 24 | Tulane | 12 | Independence Bowl (Shreveport, LA) |
| 1987-12-12 | California Bowl | Eastern Michigan | 30 | San Jose State | 27 | California Bowl (Fresno, CA) |