Ralula College, Matara was established in May 1, 1923, by the Buddhist Society led by Sir. R.A.D. Gunawardana Maha Kulathunga. It is one of oldest buddhist schools. Rahula College is a National School. It provides primary and secondary education.
In 1991, Mr. F. Gorden Pearce (principal of Mahinda College, Galle), Mr. D.T.W. Rajapaksha Ralahami, Sir. R.A.D. Gunawardana Maha Kulathunga established the "Buddhists Society". On 1923 May 1st, the Buddhists Society opened a school named "Parakramabhahu Vidyalaya" , in a rented building of Main Street, Matara. Parakramabhahu Vidyalaya's motto was "May I be a true buddhist" .
Mr. Hewwabowalage Yasapala was the first student of Parakramabhahu Vidyalaya. Parakramabhahu Vidyalaya was shifted to the "Saram Mudali Walawuwa" which donated by Mr. C. A. Ordisis de Sivla, with a new name of "Rahula College".Today Rahula College is home for about 6000 students and guided by about 200 dedicated staff,led by principal Mr. Kithsiri Liyanagama.
Rahula College has been in the forefront of the the Sri Lankan national schools and considered to be one of best outstation schools in the country. Schools frequently produce large number of higher ranking students to Sri Lankan universities.
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