The 1995 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 in August 1995, and concluded with the 1995 NCAA Division I-AA Football Championship Game on December 16, 1995, at Marshall University Stadium in Huntington, West Virginia.

The Montana Grizzlies won their first I-AA championship, defeating the Marshall Thundering Herd by a score of 22−20.

[1] One team upgraded to Division I-A and two new programs upgraded from Division II.

American West Conference – Sacramento State Big Sky Conference – Montana Gateway Football Conference – Eastern Illinois and Northern Iowa Ivy League – Princeton Metro Atlantic Athletic Conference – Duquesne Mid-Eastern Athletic Conference – Florida A&M Ohio Valley Conference – Murray State Patriot League – Lehigh Pioneer Football League – Drake Southern Conference – Appalachian State Southland Conference – McNeese State Southwestern Athletic Conference – Jackson State Yankee Conference – Delaware The site of the title game, Marshall University Stadium, had been determined in March 1994.

[3] * Denotes host institution