The 1968 Northern Iowa Panthers football team represented the State College of Iowa—now known as University of Northern Iowa—as a member of the North Central Conference during the 1968 NCAA College Division football season.
Led by ninth-year head coach Stan Sheriff, the Panthers compiled an overall record of 5–5 with a mark of 3–3 in conference play, tying for third place in the NCC.
Northern Iowa played home games at O. R. Latham Stadium in Cedar Falls, Iowa.
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