The team that ends the season with the belt becomes the National Champion. Sometimes the belt winner also wins the real National Championship; sometimes (like 6-6 Wyoming in 1994) the winning team doesn't even play in a Bowl Game.
| Team | Titles | Years |
|---|---|---|
| Princeton | 18 | 1869, 1870, 1872, 1873, 1874, 1875, 1878, 1879, 1880, 1881, 1885, 1886, 1889, 1893, 1903, 1911, 1922, 1951 |
| Yale | 13 | 1876, 1877, 1882, 1883, 1884, 1887, 1888, 1890, 1891, 1892, 1900, 1902, 1909 |
| USC | 12 | 1924, 1931, 1932, 1939, 1962, 1969, 1972, 1976, 1978, 1979, 2003, 2004 |
| Alabama | 8 | 1925, 1926, 1941, 1952, 1977, 1985, 2009, 2020 |
| Harvard | 8 | 1898, 1899, 1901, 1908, 1910, 1912, 1913, 1914 |
| Oklahoma | 6 | 1953, 1954, 1955, 1956, 1967, 2013 |
| Army | 5 | 1927, 1945, 1946, 1948, 1949 |
| Ohio State | 5 | 1958, 1968, 1981, 2002, 2018 |
| Auburn | 4 | 1937, 1942, 1983, 2010 |
| Notre Dame | 4 | 1930, 1936, 1973, 2025 |
| Pennsylvania | 4 | 1894, 1895, 1897, 1905 |
| Florida | 3 | 2006, 2008, 2024 |
| Michigan | 3 | 1918, 1980, 2023 |
| Syracuse | 3 | 1917, 1923, 1959 |
| Texas | 3 | 1963, 1998, 2005 |
| UCLA | 3 | 1975, 1984, 1992 |
| Arizona | 2 | 1993, 1995 |
| Baylor | 2 | 2012, 2021 |
| Clemson | 2 | 1987, 2016 |
| Columbia | 2 | 1933, 1947 |
| Florida State | 2 | 1988, 1999 |
| Illinois | 2 | 1919, 1989 |
| Iowa | 2 | 1957, 1961 |
| LSU | 2 | 1965, 2019 |
| Miami | 2 | 2000, 2001 |
| Navy | 2 | 1906, 1950 |
| Nebraska | 2 | 1971, 1997 |
| Penn State | 2 | 1960, 1986 |
| Pitt | 2 | 1934, 2017 |
| Stanford | 2 | 1929, 1940 |
| TCU | 2 | 2014, 2015 |
| Tennessee | 2 | 1938, 1974 |
| Arkansas | 1 | 1964 |
| BYU | 1 | 1996 |
| Carlisle | 1 | 1907 |
| Chicago | 1 | 1921 |
| Colgate | 1 | 1916 |
| Colorado | 1 | 1990 |
| Cornell | 1 | 1915 |
| Duke | 1 | 1944 |
| Georgia | 1 | 1966 |
| Lafayette | 1 | 1896 |
| Missouri | 1 | 2007 |
| Northwestern | 1 | 1935 |
| Oregon State | 1 | 1928 |
| Swarthmore | 1 | 1904 |
| Texas Tech | 1 | 1991 |
| Tulane | 1 | 1970 |
| Washington | 1 | 2022 |
| Washington State | 1 | 1982 |
| West Virginia | 1 | 2011 |
| Wisconsin | 1 | 1920 |
| Wyoming | 1 | 1994 |