My general belief is that I won't drop a team for losing to an FBS team. A school that happened to lose to a FBS foe might drop because a team behind them did something  that earned a leap frog, but on my ballot you can gain from beating an FBS, but you can't lose for falling. But I'll all but guarantee when the polls come out that several schools will have dropped after FBS losses. I'm off my soap box for now. Here's my top 25:

1. Richmond
2. Appalachian St.
3. Villanova
4. William & Mary
5. Montana
6. Northern Iowa
7. James Madison
8. Southern Illinois
9. New Hampshire
10. Weber St.
11. Wofford
12. Elon
13. Central Arkansas
14. Cal Poly
15. McNeese St.
16. Eastern Washington
17. South Carolina St.
18. Maine
19. Massachusetts
20. Jacksonville St.
21. Texas St.
22. Harvard
23. South Dakota St.
24. Holy Cross
25. Eastern Kentucky