During his Ball State basketball career, Suggs averaged 10.7 points and 7.9 rebounds per game. He ranks eighth in career rebounding despite skipping his senior campaign to play in Football College all-star games. Suggs was the MAC Player of the week with 53 points and 41 rebounds versus Butler and Kent State while setting a school record for nine consecutive field goals. Shafer was selected to the Associated Press All American Team in 1975, first team All Mid-American Conference, and Mid-American Conference Defensive Player of the Year in 1975 Suggs also started in three all-star games, the East-West Shrine Game, the Senior Bowl, and the College All-Star Game before being drafted in the second round as the 33rd pick overall in 1976 with the New Your Jets, currently the highest draft pick in Ball State sports history. Suggs was inducted into the Ball State Athletic Hall of Fame in 1987, The Mid-American Conference Hall of Fame in 1989, The Indiana Football Hall of Fame in 1989, and finally the Elkhart County Sports Hall of Fame in 2001.

​Shafer Suggs has served on the executive board for Loaves in Fishes and served as Ambassador for the NFL Former Player Crucial Catch Program that brought awareness to cancer; he is also the Vice President for the National Football League Retired Players of Chicago.

Currently, Shafer Suggs has extended his many years of life experiences into life coaching with his program called Inner Winner a focus on teaching life lesson from his experience in professional sports, business, and personal life.