A second UNC junior escaped the incident unharmed.
The injured victim, a 21-year-old romance languages major, was shot by an unknown subject between 2:25 a.m. and 2:32 a.m., reports state.
Police have no suspects in the incident at this time.
The second victim is a 22-year-old psychology major.
Chapel Hill police spokeswoman Jane Cousins said the incident occurred while the two victims were walking on Mitchell Lane, located behind West Rosemary Street near the Hargraves Center.
Cousins said the area of town where the shooting occurred is not usually a problem area.
"This incident is real unusual," she said.
Cousins said a dark-colored minivan pulled up alongside the victims and flung open its sliding door.
The victims described seeing two men and one shotgun inside the minivan, Cousins said.