Chandler Parsons accepted an athletic scholarship to attend the University of Florida in Gainesville, Florida, where he played for coach Billy Donovan’s Florida Gators men’s basketball team from 2007 to 2011. Parsons commented that playing for four years under Donovan gave him an advantage over other players who left the team early.
During his freshman season, Parsons played in 36 games averaging 8.1 points per game and 4.0 rebounds per game, but the Gators failed to make the NCAA Tournament. During the 2008–09 season, Parsons saw more playing time and his scoring, rebounding and assists all improved. The Gators once again failed to make the tournament though.
In Parson’s junior season, he averaged 12.4 points, 6.9 rebounds and 2.6 assists per game. On January 3, 2010, Parsons hit a seventy-five-foot shot with no time left on the clock in overtime to give the Gators a one point victory over North Carolina State. The Gators made the NCAA Tournament, but lost to BYU in the first round.
During the 2010–11 season, Parsons averaged 11.3 points and 7.8 rebounds in 34.1 minutes per game while leading the Gators to the best regular season record in the SEC. On January 23, 2011, the Gators trailed South Carolina by 1 when Parsons hit a three-point shot to give the Gators the win. On March 8, 2011, he was named the 2011 SEC Player of the Year, becoming the first Florida Gator to win that honor.
The Gators also made the NCAA Tournament for the second year in a row. In the first three rounds of the tournament, the Gators beat UC Santa Barbara, UCLA and BYU. In the Elite Eight, the Gators lost to Butler. Parsons was picked to the All-America fifth team by Fox Sports. Parsons graduated from Florida with a degree in telecommunications.