The 1994 Colorado Buffaloes football team represented the University of Colorado at Boulder in the 1994 college football season. The Buffaloes offense scored 439 points while the defense allowed 235 points. The team was led by head coach Bill McCartney. The Buffaloes' only loss of the season came on the road against eventual consensus national champion Nebraska. Colorado, ranked #2 at the time, was in line to play for the national title as part of the Bowl Coalition. They were leapfrogged in the polls by the Cornhuskers, who had been ranked #3, and finished the regular season ranked #4.