The 1962–63 NCAA University Division men's basketball season began in December 1962, progressed through the regular season and conference tournaments, and concluded with the 1963 NCAA University Division basketball tournament championship game on March 23, 1963, at Freedom Hall in Louisville, Kentucky.
The Loyola University Chicago Ramblers won their first NCAA national championship with a 60–58 victory in overtime over the Cincinnati Bearcats.
[4][5] A total of 56 college teams played as University Division independents.
[19] Penn and Villanova both finished with 3–1 records in head-to-head competition among the Philadelphia Big 5.
A number of teams changed coaches during the season and after it ended.