Final OAF ranking (& ratings) for the 1995 college football season:
| Rank | Team Name | Rating | Record | AP | ESPN/USA Today | Bowl Game Results |
| 1 | NEBRASKA | 128.8884 | 12-0 | 1 | 1 | Beat Florida 62-24 |
| 2 | FLORIDA | 108.9887 | 12-1 | 2 | 2 | Lost to Nebraska |
| 3 | TENNESSEE | 85.5983 | 11-1 | 3 | 3 | Beat Ohio State 20-14 |
| 4 | OHIO STATE | 68.9372 | 11-2 | 6 | 7 | Lost to Tennessee |
| 5 | COLORADO | 66.3134 | 10-2 | 5 | 4 | Beat Oregon 38-6 |
| 6 | FLORIDA STATE | 64.0907 | 10-2 | 4 | 5 | Beat Notre Dame 31-26 |
| 7 | NOTRE DAME | 63.3499 | 9-3 | 11 | 13 | Lost to Florida State |
| 8 | KANSAS STATE | 62.6775 | 10-2 | 7 | 6 | Beat Colorado State 54-21 |
| 9 | NORTHWESTERN | 62.1497 | 10-2 | 8 | 7 | Lost to USC |
| 10 | TEXAS A+M | 61.8938 | 9-3 | 15 | 14 | Beat Michigan 22-20 |
| 11 | MICHIGAN | 61.6529 | 9-4 | 17 | 19 | Lost to Texas A+M |
| 12 | KANSAS | 61.5811 | 10-2 | 9 | 10 | Beat UCLA 51-30 |
| 13 | PENN STATE | 59.4937 | 9-3 | 13 | 12 | Beat Auburn 43-14 |
| 14 | USC | 59.3855 | 9-2-1 | 12 | 11 | Beat Northwestern 41-32 |
| 15 | IOWA | 57.5044 | 8-4 | 25 | 22 | Beat Washington 38-18 |
| 16 | VIRGINIA TECH | 53.1749 | 10-2 | 10 | 9 | Beat Texas 28-10 |
| 17 | MICHIGAN STATE | 52.5291 | 6-5-1 | NR | 33 | Lost to LSU |
| 18 | TEXAS | 52.4330 | 10-2-1 | 14 | 15 | Lost to Virginia Tech |
| 19 | WASHINGTON | 52.1173 | 7-4-1 | 27 | 27 | Lost to Iowa |
| 20 | ILLINOIS | 51.8327 | ||||
| 21 | VIRGINIA | 51.2250 | ||||
| 22 | PURDUE | 51.2039 | ||||
| 23 | WISCONSIN | 51.0919 | ||||
| 24 | LSU | 50.5677 | ||||
| 25 | SYRACUSE | 50.2888 | ||||
| 26 | AUBURN | 49.0925 | ||||
| 27 | TEXAS TECH | 48.7198 | ||||
| 28 | OREGON | 48.4844 | ||||
| 29 | UCLA | 48.0933 | ||||
| 30 | MIAMI (F) | 47.8653 | ||||
| 31 | TOLEDO | 47.7856 | ||||
| 32 | MIAMI (O) | 46.7986 | ||||
| 33 | CLEMSON | 46.6626 | ||||
| 34 | ALABAMA | 46.3504 | ||||
| 35 | EAST CAROLINA | 45.6753 | ||||
| 36 | STANFORD | 44.9340 | ||||
| 37 | MINNESOTA | 44.7904 | ||||
| 38 | NORTH CAROLINA | 44.1249 | ||||
| 39 | ARIZONA | 43.6105 | ||||
| 40 | ARKANSAS | 43.3843 | ||||
| 41 | ARIZONA STATE | 42.8697 | ||||
| 42 | GEORGIA | 42.4873 | ||||
| 43 | GEORGIA TECH | 41.9543 | ||||
| 44 | BAYLOR | 41.0994 | ||||
| 45 | MISSISSIPPI | 40.7317 | ||||
| 46 | CINCINNATI | 40.6117 | ||||
| 47 | SOUTH CAROLINA | 40.2841 | ||||
| 48 | KENTUCKY | 37.2967 | ||||
| 49 | TCU | 36.8834 | ||||
| 50 | WEST VIRGINIA | 36.5209 | ||||
| 51 | SOUTHERN MISSISSIPPI | 36.3440 | ||||
| 52 | LOUISVILLE | 36.1336 | ||||
| 53 | MISSISSIPPI STATE | 36.0126 | ||||
| 54 | BALL STATE | 35.5710 | ||||
| 55 | MARYLAND |