Organized education at Akuramboda dates back to 1853 when a rural school was started with 12 students at the mosque and later shifted to the house of Mr. James Herath of Ehelepola village.
In 1925, Mrs. Lewliyadda, a relative of Mr. James Herath donated a land suitable to build a school close to Olaganwatta.
Keppetipola Central College, Akuramboda, established on January 6, 1941, by late Hon.
Dr. C. W. W. Kannangara, the Father of Free Education, is the first Central College in Sri Lanka.
The college was closed down in 1985 in order to start an army camp in the premises and was reopened on September 9, 1991.