1934 Howard Payne Yellow Jackets football team

The 1934 Howard Payne Yellow Jackets represented Howard Payne College—now known as Howard Payne University—as a member of the Texas Conference during the 1934 college football season. Led by seventh-year head coach Joe Bailey Cheaney, the Yellow Jackets compiled an overall record of 9–0–1 with a mark of 5–0–1 in conference play, winning the Texas Conference title for the sixth time in seven seasons.