There were only a handful of changes for the 1995 season.
1995 FCS Over FBS Victories (7)
- Appalachian State @ Wake Forest, 24-22
- Boise State @ Utah State, 38-14
- Troy @ Louisiana-Monroe, 20-10
- UAB @ North Texas, 19-14
- Northwestern State @ Louisiana-Monroe, 42-39
- Central Florida @ Louisiana-Monroe, 34-14
- Youngstown State @ Akron, 24-10
There were no ties between I-A and I-AA teams in the 1995 season.
Montana (13-2 Overall, 6-1 Big Sky Conference) broke through to win their first national title after defeating Marshall (12-3 Overall, 7-1 Southern Conference) 22-20. It was Marshall’s fourth I-AA title game appearance in the last five seasons.
There were no conference changes prior to the 1995 season.
Only three changes occurred after the 1994 season with one team leaving I-AA and two entering the subdivision. North Texas moved from the Southland Conference to I-A independent status.
Hampton left the Division II Central Intercollegiate Athletic Association (CIAA) to play in the MEAC. Meanwhile, Wofford moved up from Division II independent to I-AA independent. Jacksonville State was in its third season of transition before becoming eligible in 1997.
The I-AA Playoffs made a small format change for the first time in a decade. The NCAA decided to seed all 16 playoff teams instead of just the top four. They still kept the campus sites through the semifinal round. The title game was played on December 16 at Marshall University Stadium in Huntington, West Virginia for the fourth time.