The 1988 Stephen F. Austin Lumberjacks football team was an American football team that represented Stephen F. Austin State University as a member of the Southland Conference during the 1988 NCAA Division I-AA football season. In their seventh year under head coach Jim Hess, the Lumberjacks compiled an overall record of 10–3 with a mark of 5–1 in conference play, placing second in the Southland. Stephen F. Austin advanced to the NCAA Division I-AA Football Championship playoffs, where the Lumberjaccks defeated Jackson State in the first round, before losing to the eventual national runner-up, Georgia Southern, in the quarterfinals. The team played home games at Homer Bryce Stadium in Nacogdoches, Texas.

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