Jadon Carter, 20, was also charged with a weapons offense in the melee.
Police went to the high school at 3:40 p.m. after receiving a call about a fight.
For footage taken at the scene, scroll to the video above
They found the victims 17- and 18-year-old males with stab wounds. Both were taken to a local hospital where they remained Wednesday. Their conditions were not released.
No additional details on a police officer who was injured at the scene were released. The officer was treated at a local hospital and released.
City officers found Carter at the scene and took him to Asbury Park police headquarters where he was charged, the Monmouth County Prosecutor s Office said.