The Covenant (2006)

Caleb (Steven Strait), Pogue (Taylor Kitsch), Reid (Toby Hemingway), and Tyler (Chace Crawford) have been friends since they were children. Bound together by the special powers they inherited, "The Sons of Ipswich" form an elite group at the private prep school they all attend. Though the temptations to use their powers is great, Caleb attempts to keep his friends from abusing their power but someone has fallen off the "no-magic" wagon. Have one of the four given in to the dark side? Or has the rumored fifth Son of Ipswich returned to wreck havoc on those who cast him out? To save the future, they must battle the past.