The 1994 Stephen F. Austin Lumberjacks football team was an American football team that represented Stephen F. Austin State University as a member of the Southland Conference during the 1994 NCAA Division I-AA football season.
In their third year under head coach John Pearce, the team compiled an overall record of 6–3–2, with a mark of 4–1–1 in conference play, and finished third in the Southland.
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