The 1938–39 NCAA football bowl games were the final games of the National Collegiate Athletic Association (NCAA) 1938 college football season and featured five bowl games, each of which had been held the previous season.

All five games were played on January 2, 1939, as New Year's Day fell on a Sunday.

Contemporary polls selected different national champions, as the AP Poll named TCU, the Dunkel System chose Tennessee, and the Dickinson System designated Notre Dame.

The below table lists top teams (per the AP poll taken after the completion of the regular season), their win–loss records (prior to bowl games), and the bowls they later played in.

Rankings are from the final regular season AP Poll.