A Boston-area prep school that educated President John F. Kennedy is planning to borrow almost $35 million to upgrade its classroom and athletics facilities, according to Bloomberg Markets.

The financing will fund modernization efforts across the historic campus, including new science and technology classrooms, expanded library spaces, and significant improvements to athletic venues.

School officials emphasized the need to maintain competitive academic programming while preserving the institution's storied legacy. The borrowing plan follows years of strategic planning aimed at balancing tradition with contemporary educational demands.

The prep school, long considered a "feeder" institution for elite universities including Harvard, has seen increased competition from other private schools in the region. Administrators hope the upgrades will help attract top-tier students and faculty while enhancing the overall learning environment.

Construction is expected to begin in early 2025, with completion targeted for 2027. The project represents one of the largest capital investments in the school's history, reflecting broader trends among elite private schools investing heavily in infrastructure to remain competitive.