The 1940 College Football All-America team is composed of college football players who were selected as All-Americans by various organizations and writers that chose College Football All-America Teams in 1940. The nine selectors recognized by the NCAA as "official" for the 1940 season are (1) Collier's Weekly, as selected by Grantland Rice, (2) the Associated Press (AP), (3) the United Press (UP), (4) the All-America Board (AAB), (5) the International News Service (INS), (6) Liberty magazine, (7) the Newspaper Enterprise Association (NEA), (8) Newsweek, and (9) the Sporting News (SN).