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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.

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engaged in a controversy about the propriety of theological conservatives cooperating with theological liberals to support evangelistic campaigns, a controversy that widened an already growing rift between separatist fundamentalists and other evangelicals.

Negative publicity caused by the dispute precipitated a decline in BJU enrollment of about 10% in the years 1956–59, and seven members of the university board (of about a hundred) also resigned in support of Graham, including Graham himself and two of his staff members.

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People lose jobs, homes, and their lives change dramatically. It can take over a decade for people to rebuild their lives, lost in a sudden recession.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.