Phillips Exeter Academy (often called Exeter or PEA) is a coeducational independent school for boarding and day students in grades 9 through 12, and offers a postgraduate program. Located in Exeter, New Hampshire, it is one of the oldest secondary schools in the United States. Exeter is based on the Harkness education system, a conference format of student interaction with minimal teacher involvement. It has the largest endowment of any New England boarding school, which as of June 30, 2017, was valued at $1. 25 billion. On January 25, 2019, William K. Rawson was appointed by the Academy's trustees as the 16th Principal Instructor. He is the 4th alumnus of Exeter to serve as Principal Instructor, after Gideon Lane Soule (1838–1873), Harlan Amen (1895 –1913), and William Saltonstall (1946–1963).
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