Champions: Texas A&M (AP)
Heisman Memorial Trophy: Nile Kinnick (Iowa)
AP First #1: Pitt
AP Final #1: Texas A&M
| Date | Bowl | Pts | Pts | Notes | ||
|---|---|---|---|---|---|---|
| 1940-01-01 | Cotton Bowl | Clemson (15) | 6 | Boston College (14) | 3 | Dallas, TX |
| 1940-01-01 | Orange Bowl | Georgia Tech (13) | 21 | Missouri (7) | 7 | Miami, FL |
| 1940-01-01 | Rose Bowl | Southern California (3) | 14 | Tennessee (2) | 0 | Pasadena, CA |
| 1940-01-01 | Sugar Bowl | Texas A&M (1) | 14 | Tulane (5) | 13 | New Orleans, LA |
| 1940-01-01 | Sun Bowl | Catholic | 0 | Arizona State | 0 | El Paso, TX |
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