Born September 16, 1985, Studebaker spent much of his childhood in Congerville, Illinois. While in high school, he played football, basketball and track. He was the First-team All-Conference tight end and a unanimous pick at defensive end in 2003 and Team Captain of the football team his senior year.
Following his junior year at Wheaton College in 2006, Studebaker was named a First-team All-American and North Region Defensive Player of the year by D3Football.com. He was also named College Conference of Illinois and Wisconsin Defensive Player of the Year. He led the conference with 17½ sacks (the most in the NCAA in 2006) and 25½ tackles for loss. Studebaker graduated from Wheaton College in May 2008 with a degree in Applied Health Sciences.
Studebaker was the first player from Wheaton College to be drafted into the National Football League.
Studebaker was a sixth round selection (203rd overall) by the Philadelphia Eagles in the 2008 NFL Draft. He was waived by the Eagles on the last day of roster cuts on August 30, 2008 and subsequently re-signed on the team's practice squad.
Studebaker was signed off the Eagles' practice squad by the Kansas City Chiefs on November 19, 2008, and played in his first career game against the Buffalo Bills on November 23, 2008. His first start was in Week 11 on November 22, 2009 against the Pittsburgh Steelers, in place of injured Mike Vrabel. In his first start, he intercepted Ben Roethlisberger twice, as the Chiefs won the game. On October 31, 2011 against the San Diego Chargers, Studebaker recovered an unlikely fumbled snap by quarterback Philip Rivers from amongst the scrum, likely aiding the Kansas City Chiefs in their improbable win that day by preventing the Chargers from scoring with just over a minute left in regulation. Studebaker had 16 tackles, one fumble recovery, and one forced fumble at the end of the season. While with the Chiefs, he was popularly known among fans as "The Student Baker."
On April 1, 2013, the Chiefs released Studebaker.
Studebaker was signed by the Jacksonville Jaguars on August 13, 2013. He was released by the team on September 1, 2013.
On October 9, 2013, Studebaker signed with the Indianapolis Colts. He played in 11 games in 2013. In 2014, Studebaker played in 13 games, making 1 start. He became a free agent at the end of the season. On December 15, 2015, the Colts resigned Studebaker.
On August 17, 2015, Studebaker signed with the Tennessee Titans. He was released by the team on September 4.
On December 15, 2015, Studebaker was signed with the Indianapolis Colts. He was released by the team on February 22, 2016.