The 1995 NCAA Division I-A football season was the first year of the Bowl Alliance.

Tom Osborne led Nebraska to its second straight national title with a victory over Florida in the Fiesta Bowl.

The Pac-10 and Big Ten chose not to participate, keeping their tie-ins with the Rose Bowl.

This lopsided victory came after Florida was picked by many sportswriters to win the game.

Ohio State almost created a national title controversy, going into its final regular season game against Michigan undefeated and ranked No.

Buckeye running back Eddie George still won the Heisman Trophy.

1, but lost an ACC game for the first time ever when Virginia stopped a last-minute drive a few inches from the end zone, knocking them out of the national title race.

Undefeated in the Big Ten after decades as a doormat, the Wildcats went on to face USC in the Rose Bowl.

However, the Wildcats lost to the Trojans in what was a see-saw game until USC pulled away in the fourth quarter.

Miami and Alabama had to sit the post season out, as they were on NCAA probation.

The Southwest Conference played its final game ever, an 18–17 Houston win over Rice.

Florida State was the top-ranked team in the preseason AP Poll, with defending champion Nebraska at No.

4 Penn State struggled against Texas Tech, winning 24–23 on a field goal with four seconds left.

5 Auburn found themselves in a defensive struggle at LSU, and the Bayou Bengals prevailed 12–6.

7 Colorado even after Buffaloes quarterback Koy Detmer was sidelined with a torn ACL.

2 Nebraska had “only” a two-touchdown margin of victory in their 35–21 defeat of Washington State.

1 Florida State dropped 70 points on an opponent for the third time in six games, winning 72–13 over Wake Forest.

4 Ohio State made another fourth-quarter comeback to ensure a 27–16 win at No.

After two straight blowouts of highly rated opponents, Nebraska moved to the top spot in the next poll: No.

The Seminoles had dominated the ACC ever since they joined the league in 1992; in fact, they had not lost a single conference game in their three and a half years of membership.

However, the streak came to an end with a 33-28 Cavaliers victory, as Florida State's Warrick Dunn fell just short of a game-winning touchdown as time ran out.

6 Northwestern, a surprise contender for the Big Ten title, beat No.

3 Florida won 63–7 at South Carolina to clinch a spot in the SEC Championship Game.

1 Nebraska put an exclamation point on their dominant regular season with a 37–0 shutout of rival Oklahoma.

For the second time in three years, the Wolverines spoiled the Buckeyes’ shot at an undefeated season, as 313 rushing yards by Tim Biakabutuka and two second-half interceptions by Charles Woodson led to a 31-23 Michigan win.

4 Northwestern, who had finished their regular-season schedule, received the Rose Bowl berth which would have gone to Ohio State if the Buckeyes had defeated their nemeses.

23 Arkansas in the SEC Championship Game, and the Gators did not disappoint, blowing out the Razorbacks 34–3 to complete an undefeated regular season.

2 Florida were the obvious choices for the national championship game, and they would square off in the Fiesta Bowl to decide the title.

9 Texas (champion of the SWC in that conference's last year of existence) versus Big East-winning No.

+Ohio State, a Big Ten school, was not part of the Bowl Alliance.