FEU Tamaraws are the collegiate basketball varsity team of the Far Eastern University (FEU). FEU currently holds the record of winning the most number of championships (20 championships) in the men's basketball division of the University Athletic Association of the Philippines. FEU also appeared in the Philippine Collegiate Championship finals four times, and was able to win back to back championships in 2004 and 2005. The team originally played in the NCAA from 1929 to 1936 and was one of its founding members.

While the main campus of FEU is in Sampaloc, Manila, the basketball team is now based in FEU Diliman in Diliman, Quezon City.

1981 MVP Anthony Williams led the Tams to its first three-peat, from 1979 to 1981, including a back to back 12-0 eliminations sweep in 1980 and 1981. The unbeaten Tamaraws played the rival UE Warriors in the 1981 UAAP Finals. UE rookie Allan Caidic, missed two free throws and FEU captured their third straight title and the most coveted three-peat to give the Tams its 12th overall title. FEU did not make it to the finals in 1982, but the team was able to come back in 1983, led by season MVP Glenn Capacio to their fourth title in five years. Johnny Abarrientos joined the seniors team two years after leading the Baby Tamaraws to its juniors' basketball title. Victor Pablo along with Abarrientos led the Tams back to the finals after six years, matching with the DLSU Archers, a team who just joined the league couple of years back out of NCAA. The Archers were victorious, with Eddie Viaplana's three pointer with sixteen seconds remaining sealed the Archers' first UAAP title with the score of 74–69.

FEU won championships in the early 1990s led by Abarrientos and Pablo. Saw the triumvirate of Ronald Magtulis, Michael Oliver and Anastacio Mendoza in 94 and 95 though they did not won the championship but they were in the final 4. The last championship in the late 1990s came in 1997 with the trio of Magtulis, Oliver and Mendoza, defensive stopper Manabat and three-point assassin Edwin Bacani against the Maui Roca-led Green Archers.

Arwind Santos started his UAAP career in 2002 alongside future PBA standouts Mark Isip and Dennis Miranda. The Tamaraws failed to make it to the Final Four that year after losing to the Cyrus Baguio-led UST for the last Final Four slot, though Santos won season's Rookie of the Year award. In Season 66, it was a quick turn around for the Tamaraws, who had their core intact with key players Rhagnee Sinco, Gerald Jones, Cesar Catli, the emergence of Arwind Santos and James Zablan returning from injury, FEU dominated the eliminations and gained the top two seed. The Tamaraws defeated the James Yap-led UE Red Warriors in the final four. They garnered their first title in six seasons with a sweep against the Ateneo Blue Eagles via two lopsided games. Santos won the season MVP for the first time in his college career on his third year with the Tamaraws, and was selected to the mythical team together with Miranda. That same year, the team tried to defend its title, but the Tamaraws lost to the Archers in a three-game series despite leading by a point in the final seconds when Green Archer sharpshooter JVee Casio nailed a three-pointer with two seconds left. Without any remaining timeouts for both teams, Jeff Chan was forced to do a Hail Mary shot from the half court and hit only the front rim as time expires.

With Miranda's departure in 2005, rookie point guard Jonas Villanueva filled in for his role. Santos came back for his final year despite issues that he would be entering the PBA draft. With the core of Santos, big man Mark Isip, RJ Rizada, Villanueva and Chan, FEU, once again, were picked by analysts as title favorites prior to the season. The Tamaraws swept the first round eliminations and won twelve of their fourteen outings overall to claim the number one spot in the Final Four. FEU breezed past the UE Red Warriors via blowout and advanced to the Finals for three straight years where they faced their long time rivals, De La Salle Green Archers, once again in the championship. In game one, FEU, trailed most of the game but key reserve Elder Saldua led the charge in the first three quarters to keep the Tamaraws close enough for a comeback. Arwind Santos, made some key plays including five straight points in the final forty-nine seconds to complete a 75–73 comeback win in game one. When the final buzzer sounded, Controversy surrounded Santos and Green Archers assistant manager Manny Salgado when the latter struck the former after having some words with Green Archer forward Joseph Yeo that bought heat between the two players because of an in tensed classic game. After an investigation, Salgado was banned by the UAAP for life despite issuing a public apology. Another classic game occurred in game two but the Tamaraws held on when the Archers tried to take the lead and extend the series. Villanueva sealed the championship for FEU after making a crucial free throw with a few seconds left and Isip blocked a Junjun Cabatu desperate three-pointer and the Tamaraws won its 18th title overall after a sweep against the DLSU Archers, 73–71. Later that year, with the controversies surrounding the Archers, the UAAP decided to award the title to the Tamaraws after De La Salle University admitted that they have ineligible players from UAAP Season 67 in which they won the championship. Thus, it gave FEU the three-peat from 2003 to 2005.

The Santos-led Tamaraws also won back-to-back championships in the PCCL during 2004 and 2005 beating the UE Red Warriors and San Sebastian Stags respectively, making them the best collegiate team in the Philippines.

With Santos, Isip and Rizada departing due to graduation, the Tamaraws were expected to defend their championship with Chan and Villanueva returning for their final playing year. Rookie Mac Baracael was also expected to fill Santos' shoes for the team. With DLSU suspended for the whole Season 69, every team will only play 12 games. The defending champions had a slow start losing their first four games but managed to win four straight. But FEU finished the season winning only a single game in their final four games and failed to enter the Final Four.