Skokie police also issued disorderly conduct citations to 29 suspects, including students from Niles North High School and Niles West High School, and Chicago's Mather High School.
Police say the students were involved in a group brawl.
The student who was stabbed sustained minor injuries and has been released from the hospital, according to police.
Authorities say the students involved in the brawl have the choice of attending a violence prevention seminar at the Skokie Police Department, or appearing in Cook County Court.
The Skokie Police Department recently established an automated Crime Tip Hotline and invites the public to call (847) 933-TIPS (8477) anytime to report suspicious activity.