Jones played his freshman season at Connors State College. He averaged 15.5 points, 6.9 rebounds and 2.5 assists per game in his only season for the Cowboys. Jones committed to transfer to Arkansas following the end of the season over offers from BYU and Washington. In his first season with the Razorbacks, Jones finished third on the team with 13.9 points per game and second with 3.9 rebounds per game. Jones scored 23 points to help lead Arkansas to a 70-60 over Georgia. Jones scored a season-high 30 points twice against Florida and Mississippi State. Jones entered his junior season as the team's leading returning rebounder and the second leading scorer. Jones was named the Southeastern Conference Player of the Week after scoring 32 points with seven rebounds and five steals in a 91–43 Rice. He scored a career-high 41 points in a 98–79 win over Tulsa on December 14, 2019 and was again named the SEC Player of the Week. It was the highest point total by a Razorbacks' player since Joe Kleine scored 41 against Iowa State in 1984. Jones scored 34 points in a 79–77 loss to South Carolina on January 30, 2020 followed by a 30-point performance in a 82–78 win over Alabama two days later and was named the Player of the Week for the third time. On February 4, Jones scored 40 points in a 79–76 loss to Auburn in a game in which the Razorbacks' second-leading scorer Isaiah Joe did not play due to knee surgery. Jones became the third SEC player alongside Shaquille O'Neal and Jodie Meeks with multiple 40-point games and the first player in Arkansas history to score at least 30 points in three straight games. Jones scored 38 points in 78–77 loss to Mississippi State. Jones scored 38 points on February 26, 2020 in an 86–69 win over Tennessee and scored his 1,000th career point during the game, becoming the fifth fastest Razorback to reach the milestone and the eighth player in school history to do so in his first two seasons with the team. At the conclusion of the regular season, Jones was named First Team All-SEC and was named co-SEC Player of the Year by the Associated Press along with Reggie Perry of Mississippi State. Jones averaged 22 points, 5.5 rebounds, and 3.4 assists per game, shooting 45.3 percent from the floor. After the season he declared for the 2020 NBA draft but did not sign with an agent.