Rutgers Preparatory School (also known as Rutgers Prep or RPS) is a private, coeducational, college preparatory day school established in 1766. The school educates students in pre-kindergarten through twelfth grade, located on a campus along the banks of the Delaware and Raritan Canal in the Somerset section of Franklin Township, in Somerset County, New Jersey, United States. Established in 1766, Rutgers Preparatory School is the oldest independent school in the state of New Jersey and the 16th-oldest in the country. The school has a frequently cited student honor code, and requires its high school students to complete ten hours of community service each school year in order to advance to the next grade level. The vast majority of students take Advanced Placement (AP) courses, and the academic environment at the school is highly competitive. Rutgers Preparatory School is a member of the New Jersey Association of Independent Schools. As of the 2019–20 school year, the school had an enrollment of 591 students and 79.6 classroom teachers (on an FTE basis), for a student–teacher ratio of 7.4:1. The school's student body was 41.5% (245) White, 33.7% (199) Asian, 22.2% (131) Black and 2.7% (16) Hispanic and 0% (0) two or more races. Tuition for the 2020-21 school year for grades 9-12 was set at $42,500. The school does not publicly release endowment figures, however IRS filings indicate close to $60 million in investable assets alone. History Rutgers Preparatory School is the oldest independent preparatory school in the state of New Jersey. Founded as the Queen's College Grammar School, it was established on November 10, 1766 under the same charter that founded Queen's College (now Rutgers University). It was originally located in New Brunswick. Instruction began on August 15, 1768, under the school's first master Caleb Cooper, a graduate of the College of New Jersey (now Princeton University). In those early years, instruction of students was carried on in various taverns and boarding houses in New Brunswick. From 1809 to 1830, the grammar school shared the Old Queens building with Queens College (after 1825, Rutgers College) and the New Brunswick Theological Seminary. In 1825, the trustees renamed the college and grammar school after Colonel Henry Rutgers, whose donation allowed the college to reopen after years of financial difficulties. In 1830, the Rutgers College Grammar School moved to a building designed and constructed by local architect and builder Nicholas Wyckoff, at the corner