Police called the incident "unfortunate."
"It has devastated a family as well as caused a great deal of sadness and anxiety in our organization," a statement said.
Kerrick's first court appearance is scheduled for Monday at 1:30 p.m., the Mecklenburg County District Attorney's Office said.
"In every case, the District Attorney's Office evaluates the evidence available and works to achieve a fair and just outcome," the office said in a statement.
Friends expressed grief on social media, calling Ferrell a "brother" and demanding "justice."
He had at least one brother, Willie, who played with him at Florida A&M.
The university said it was "deeply saddened" at the loss. In a statement, Michael Smith, interim athletic director, said Ferrell played safety and was part of the 2010 championship team. "Our hearts and prayers go out to his family during their time of bereavement," Smith said.
Ferrell was engaged.
"We loved him. Our family loved him," his fiancee's mother told WSOC.
He would have turned 25 next month.