Around 40 students were in the bus that was headed to the army-run school, Iqbal said, adding that several were injured in the incident.
The suspect was neutralized at the scene and the wounded individual was evacuated for medical treatment at Shaare Zedek.
“It is embarrassing and unacceptable that this happened in a neighborhood in Israel,” Ben-Gvir said in a video that circulated on social media soon after the event.
Authorities now believe that a single terrorist conducted the attack in a sniper ambush from the side of the road.
Private broadcaster Polsat News reported that a woman's severed head and an axe had been found at the university.
No one was injured in the shooting. The verdict did not mention any motive for the attack.
Eyewitnesses told local media that a man was seen with guns, a crossbow, and a bat shortly before the attack happened.
The attack occurred in Pahalgam, a popular destination in the scenic, mountainous region where mass tourism has resurged as Islamist terrorist violence has eased in recent years.
Israeli media reported that items belonging to the victim have been recovered, but that the swimmer who was attacked by sharks is still missing.
The local Jewish community thanked the police service for their "focus, hard work and drive to get these horrible people off of our streets."