Deputies said both students admitted to discussing and creating the list but added that they were just joking.
A third student who was present during the conversation provided the information to detectives.
The two students who admitted to creating the list were charged with making written threats to kill or conduct a mass shooting.
According to officials, the students were transported and booked into the Juvenile Detention Center.
Anyone with has information regarding this case or a similar situation is urged to contact the Sheriff's Office at 407-348-2222 or Crimeline at 800-423-8477, where information leading to an arrest may be eligible for a reward of up to $1,000.