Scholastic was set up in 1977 in response to the need for an organized school having English as the medium of instruction but emphasizing equal proficiency in Bengali.
In January 2001, the senior classes moved into new premises. It has science and computer laboratories, electronic and print libraries, an audio-visual language teaching centre, various sports facilities, and an air-conditioned auditorium.
Scholastica's junior, middle and senior divisions are housed in locations in the Dhaka neighborhoods of Dhanmondi, Gulshan, Uttara, and Mirpur. The Uttara campus was built in 2000. It accommodates classes 5 to 12 in class rooms across its seven-storey compound. The school has an indoor gymnasium - The STM Hall (named after the chairperson's husband), science and IT labs, and libraries. The cafeteria overlooks Scolastica's 'Red Court' - the outdoor five-a-side futsal pitch and basketball court. Scholastica has opened a campus in the heart of Mirpur. The campus also have facilities such as full scale swimming pool and auditorium.
Scholastica offers a complete primary, elementary, secondary and high school program leading to all the General Certificate of Education examinations which are conducted by the British Council in Dhaka.
As of the 2008-09 academic session, the school's O- and A-level examinations were be administered by Cambridge International Examinations, replacing the Edexcel system of schooling.