Jolly, a three-star prospect out of Lithia (Fla.) Newsome who checks in as the South's 31st-ranked athlete, received the green light from coach Larry Fedora and the Tar Heels just earlier this afternoon.
"What I like about UNC football wise is their versatile type of play style, but more importantly, UNC is one of the best academic schools in the country, and that gives me an opportunity to get a great education when I leave out of college," Jolly said.
"School is always No. 1, and that's something I look for when it comes to schools."
With the Hawkeyes' Kirk Ferentz, the 6-foot-1, 177-pound Jolly has the opportunity to suit up for a head coach who is entering season No. 19 with the same school.
"What I like about Iowa is their consistent offensive scheme," Jolly said. "They have a lot of players that can make big plays.
"Iowa also has a huge fan base that shows a lot of love. The fans are a key factor to athletes performing well, and Iowa definitely has that."
Jolly claims no leaders in his recruitment, but staying put in Hillsborough County to team up with South Florida is something he is definitely considering.
"I've always looked at USF as a chance for opportunity," Jolly said. "Their coaches are very good people who coach very well. Their facilities are very nice as well.
"They have a great program and great facilities all-around. It's a school I'll keep my eyes on."
Jolly, the nation's 82nd-ranked athlete, has no visits planned at this time.