Opening round play-in and quarterfinal games were played at campus sites, while the Finals play-in and 'final four' games were played at Joe Louis Arena in Detroit, Michigan.
By winning the tournament, Lake Superior State received the Central Collegiate Hockey Association's automatic bid to the 1995 NCAA Division I Men's Ice Hockey Tournament.
The teams that finished tenth and eleventh in the standings played a single play-in game to determine the final qualifier for the playoffs.
The lowest two remaining seeds played a play-in game to determine the last qualifier for the 'final four'.
Note: GP = Games played; W = Wins; L = Losses; T = Ties; PTS = Points; GF = Goals For; GA = Goals Against [4] Note: * denotes overtime period(s)