The 1995 Arkansas State Indians football team represented Arkansas State University as a member of the Big West Conference during the 1995 NCAA Division I-A football season. Led by third-year head coach John Bobo, the Indians compiled an overall record of 6–5 with a mark of 3–3 in conference play, tying for fourth place in the Big West.

Schedule

Date	Opponent	Site	Result	Attendance	Source
September 2	Utah State	Indian Stadium Jonesboro, AR	W 21–17	10,117
September 9	at UNLV	Sam Boyd Stadium Whitney, NV	L 23–28	24,192
September 16	Southern Illinois*	Indian Stadium Jonesboro, AR	W 14–9	9,901	[1]
September 23	at Louisiana Tech	Joe Aillet Stadium Ruston, LA	L 25–28	18,615	[2]
September 30	at Minnesota*	Hubert H. Humphrey Metrodome Minneapolis, MN	L 7–55	42,472
October 7	Southwestern Louisiana	Indian Stadium Jonesboro, AR	L 9–33
October 14	at No. 25 Texas Tech*	Jones AT&T Stadium Lubbock, TX	L 25–63	37,521
October 28	Jacksonville State*	Indian Stadium Jonesboro, AR	W 37–6
November 4	San Jose State	Indian Stadium Jonesboro, AR	W 21–7
November 11	at Northern Illinois	Huskie Stadium DeKalb, IL	W 28–21	4,635
November 18	Mississippi Valley State*	Indian Stadium Jonesboro, AR	W 55–3		[3]
*Non-conference game Homecoming Rankings from AP Poll released prior to the game

^[4]