Buk M. Buk has been charged with aggravated murder, attempted murder and felony discharge of a firearm.
Salt Lake City Police Chief Mike Brown did not discuss a motive and declined to answer questions from reporters during a news conference Sunday. But he did say the shooting was not a targeted attack on the university, its athletic department or Lowe, nor was it gang-related.
Lowe, 21, was shot early on Sept. 26 at a house party in the Sugar House neighborhood of Salt Lake City. A 20-year-old woman also shot in the incident remains in critical condition after undergoing extensive surgery.
Police arrested Buk in Draper, Utah, early Sunday.
"In a time of need, we turned to our community," Brown said in a statement prior to the news conference. "We asked people to come forward and to share the information they had. Because of those tips and the unrelenting pursuit of justice from our homicide detectives, we have arrested the person accused of murdering Aaron Lowe. So many lives have been impacted from this senseless shooting."
Lowe was a sophomore cornerback from Mesquite, Texas. He was close with Utah running back Ty Jordan, who died in an accidental shooting in December, and in August became the first recipient of the Ty Jordan Memorial Scholarship.
The Associated Press contributed to this report.