Michael J. Creed, 25 of Dixie Line Road in Newark, is charged with assault and possession of a deadly weapon.
Police say he stabbed and wounded 5th year senior Trevor Sasek, 22, following an argument around 1:20 a.m. on Sunday morning.
That's when officers were called to the parking lot at 54 East Delaware Avenue.
There, they learned Sasek suffered three stab wounds in the chest and abdomen and was driven to the hospital by a private vehicle.
Sasek is now listed in stable condition.
Police say they were able to identify Creed as the suspect thanks to surveillance video that allegedly showed him yelling at a group that included Sasek.
Sasek approached, police say, and Creed leaned into a car and got out again. Then, police say, Creed grabbed Sasek by the shoulder and began to strike him.
Creed ran away and that's when, police say, Sasek noticed he had been stabbed.
Police say they were able to track Creed down and he is now in custody.