|Type||All-Boys government school, started as private Buddhist|
|Motto||අත්තානං දමයන්ති පණ්ඩිතා
(Pali for "Wise man controls himself")
|Number of students||Over 7000|
|Color(s)||Blue and Gold
|Affiliation||Matara Buddhists' Society (1923)|
Rahula College is a one of the most popular boys' schools in Sri Lanka, located in Matara district. Though it was originally a Buddhist school, now it is run by the Government of Sri Lanka as a National School. It was one of the first schools which was converted to a National School. Rahula College has two sections - the Primary section, which serves students from Grade 1 to Grade 5, and the Secondary section, which serves students from Grade 6 to Grade 13.
In 1921, Frederick Gordon Pearce (principal of Mahinda College, Galle), D.T.W. Rajapaksha Ralahami and Sir R.S.S. Gunawardana established the "Buddhists Society". On 1 May 1923, the Buddhists Society opened a school named Parakramabhahu Vidyalaya, in a rented building on Main Street, Matara. Parakramabhahu Vidyalaya's motto was "May I be a true Buddhist". Hewabowalage Yasapala was the first student. Parakramabhahu Vidyalaya was shifted to the "Saram Mudali Walawwa" which was donated by C. A. Odiris de Silva, with the new name of "Rahula College". C.A. Odiris de Silva's second son C.A. Ariyathilake, who also donated Matara's leading girls' school Sujatha Vidyalaya, donated this school to the government.
Rahula College currently has over 7,000 students.
|1st||1923 – 1932||Mr. G. William De Silva|
|2nd||1932 – 1936||Mr. C. Amirthalingam|
|3rd||1936 – 1937||Mr. J. R. Bhatt|
|4th||1937 – 1956||Mr. D. J. Kumarage|
|5th||1956 – 1973||Mr. B. P. Ariyawansa|
|6th||1973 – 1979||Mr. B. Suriarachchi|
|7th||1979 – 1983||Mr. A. H. Godavitharana|
|8th||1983 – 1986||Mr. P. Wijewardana|
|9th||1986 – 1987||Mr. Mahinda Jagoda|
|10th||1987 – 1989||Mr. N. Weerathunga|
|11th||1989 – 1990||Mr. A. M. Liyanage|
|12th||1990 – 1998||Mr. N. Ariyawansha|
|13th||1998 – 2002||Mr. Sarath Gunarathna|
|14th||2002 – 2010||Mr. Kithsiri Liyanagamage|
|15th||2010 – 2016||Mr. Nimal Dissanayake|
|16th||2016 –||Mr. Francis Welage|
College houses' names and colours:
- Ashoka : Red
- Gemunu : Blue
- Parakrama : Yellow
- Vijaya : Green
Rahula College's official website was established in 2012 as a result of the Rahula Web Project along with the Rahula Web Team 2003. The project was conducted by Bogoda Wimalagnana Thero, Mr. Jayawardane, Mr. V.V.D. Dharmawardane.
Rahula Primary is located in Welegoda. It was established in 1991, at the place where the Sudarshana Model School was. There are classes from grade 1 to grade 5.The former principal was Mr. Gamini Abeykon and the current principal of the primary section is Mrs. Thilakani Gunawardena.
Clubs and extracurricular activities
The Internet Operations Team of The College – Team|RCMweb operates the RahulaTV project, which broadcast the "Battle of Two Cities" match between 2011 Rahula College and St. Aloysius’ College as its inaugural webcast. RahulaTV has been function as a sub unit of the Team|RCMweb. RahulaTV is run in collaboration with Rahula College Media Unit presenters. Its web streaming service covers school events of community interest, live through the Internet.
Sports at the college include athletics, basketball, boxing, chess, cricket, rugby, soccer, swimming, volleyball, table tennis, badminton and karate.
Old pupils of Rahula College Matara are called Rahulians. Following is a list of some notable alumni:
- D. E. W. Gunasekera - Minister of Constitutional Affairs & National Integration
- Buddhika Pathirana MP - Member of the 7th Parliament of Sri Lanka represents the United National Party (UNP), for Matara District
- Lalith Weeratunga, SLAS - current Permanent Secretary to the President
- Kusumsiri Balapatabendi - former Permanent Secretary to the President of Sri Lanka and Diplomat, former Chairman, SriLankan Airlines
- Dhammika Kitulgoda - former District Judge, former Secretary General of Parliament (1999–2002, 2008–2012 ) and Secretary to the Parliamentary Council
- Gunasena Galappatty - Sri Lankan dramatist, and Sinhala Radio Play writer
- Victor Hettigoda - Sri Lankan entrepreneur
- Suraj Randiv - Sri Lanka cricketer 
- Pramodya Wickramasinghe - former Sri Lanka Test cricketer
- Asoka Abeygunawardana - Chairman & CEO of Strategic Enterprise Management Agency at Presidential Secretariat,Sri Lanka
- Sarath Wijesinghe - former Sri Lankan Ambassador designate to the UAE, attorney-at-law, former President of Association of Sri Lankan Lawyers (ASLLU) United Kingdom, former Chairman of the Consumer Affairs Authority (CAA) 
The annual Rahula - Thomas Football Encounter' or Battle of Golden Ensigns is a football Match played between Rahula College and St. Thomas' College, Matara. It was one of the First annual inter school football matches in Sri Lanka.