Jones said that although he had been averse to naming the school after himself, his friends overcame his reluctance "with the argument that the school would be called by that name because of my connection with it, and to attempt to give it any other name would confuse the people." Bob Jones took no salary from the college and helped support the school with personal savings and income from his evangelistic campaigns. The Florida land boom had peaked in 1925, and a hurricane in September 1926 further reduced land values. Bob Jones College barely survived bankruptcy and its move to Cleveland, Tennessee in 1933.
In the same year, the college also ended participation in intercollegiate sports.
officially became the school's second president in 1947 just before the college moved to Greenville, South Carolina, and became Bob Jones University.
In Greenville, the university more than doubled in size within two years and started its own radio station, film department, and art gallery—the latter of which eventually became one of the largest collections of religious art in the Western Hemisphere.
The King-James-Only Movement—or more correctly, movements, since it has many variations—became a divisive force in fundamentalism only as conservative modern Bible translations, such as the New American Standard Bible (NASB) and the New International Version (NIV), began to appear in the 1970s.
Children of church members were attending college, only to reject the faith of their parents.
Jones later recalled that in 1924, his friend William Jennings Bryan had leaned over to him at a Bible conference service in Winona Lake, Indiana, and said, "If schools and colleges do not quit teaching evolution as a fact, we are going to become a nation of atheists." While he himself was not a college graduate, Jones grew determined to found a college, and on September 12, 1927, he opened Bob Jones College in Panama City, with 88 students.
It has approximately 2,800 students, and it is accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) and the Transnational Association of Christian Colleges and Schools.
In 2008, the university estimated the number of its graduates at 35,000; in 2017, 40,184.We, however, cannot conscientiously let some group of educational experts or some committee of experts who may have a behavioristic or atheistic slant on education control or even influence the administrative policies of our college." Early in the history of the college, there had been some hesitancy on the part of other institutions to accept BJU credits at face value, but by the 1960s, BJU alumni were being accepted by most of the major graduate and professional schools in the United States.