The consensus 1968 College Basketball All-American team was determined by aggregating the results of four major All-American teams.

[1] To earn "consensus" status, a player must win honors from a majority of the following teams: the Associated Press, the USBWA, The United Press International and the National Association of Basketball Coaches.

AP Honorable Mention:[6] On April 28, 1968, CoSIDA announced the 1968 Academic All-America team.

[7] The following is the 1967–68 Academic All-America Men's Basketball Team as selected by CoSIDA: