The teen charged was 14 years old at the time of the stabbing.
The school was placed on a Code Red lockdown on the day of the stabbing on November 27 of last year.
Delvin Ferrell died from his injuries. He was 15. The other student, a 16-year-old, was taken to a hospital and treated for injuries.
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Raleigh Police Chief Estella Patterson said it appeared there was a fight prior to the stabbing.
RELATED | Delvin Ferrell's family calls for healing, solutions to youth violence
Cellphone videos that circulated on social media documented the fight that broke out.
"There were a lot of people around him, and they were very concerned about him and it was very scary," Daniela Fortin said of the student who later died.
"A very traumatic experience," Fortin said. "There were videos of what happened ... I don't know how to explain it, but it was so sad seeing all of the videos."
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Student killed, another injured in stabbing at Southeast Raleigh Magnet High School: 'Unacceptable'