The 1992 NCAA Division I-AA football season, part of college football in the United States organized by the National Collegiate Athletic Association at the Division I-AA level, began on September 5, 1992, and concluded with the 1992 NCAA Division I-AA Football Championship Game on December 19, 1992, in Huntington, West Virginia.

The Marshall Thundering Herd defeated the Youngstown State Penguins by a score of 31–28.

[1] It was the second consecutive year that Marshall and Youngstown State faced off in the I-AA title game.

Prior to the season, the Gateway Collegiate Athletic Conference, otherwise a women's sports league but sponsoring football as its only men's sport since the 1985 collapse of the football side of the Missouri Valley Conference (MVC), merged into the MVC.

[3] The site of the title game, Marshall University Stadium, had been predetermined months before the playoffs began.