Senior guard Val Scott and senior center Julie Anthony were selected as the team's "Most Valuable Players." Scott topped Ferris in scoring (13.7), field goals (123), three-point field goals (72), free throw percentage (91.2), steals (69), and minutes (32.0), while Anthony led the squad in field goal percentage (61.4) and rebounding (5.1), and was second in scoring (12.4) and field goals (121). Scott earned All-GLIAC Second Team (North Division) honors for the second consecutive season and Anthony was named to the All-GLIAC Tournament Team.
The "Most Improved" award was claimed by junior guard Lori Nostrandt. She provided valuable minutes off the bench and was a defensive standout. Senior forward Jill Thayer was named the "Most Valuable Defensive Player." She started all 27 games and finished second on the team in assists (51) and third in steals (37). The "Coaches' Award" for dedication and leadership went to sophomore guard Amy Pickard. Sophomore forward Jessica Lewis received the "President' Award" for posting the team's highest grade point average, while her sister, freshman guard Katie Lewis, earned the "Joan Nelson Award" for her perfect 4.0 GPA during fall semester.
"Dean's Academic Awards" were given to Jessica Lewis, Nostrandt, junior guard Sarah Kaechele, Scott, and junior center Heather Rosneck.
Ferris completed the 1997-98 season as the most successful team in Bulldog history. FSU finished with an 18-9 record and qualified for the GLIAC's post-season tournament for the first time. In the tournament, the Bulldogs upset nationally-ranked Grand Valley in the first round before losing to Ashland in double overtime in the semi-finals.
The 1997-98 Bulldogs set team records for wins in a season (18), winning percentage (.667), field goal percentage (44.8), free throw percentage (.74.4), and three-point field (144).