this movie was actually a tv series
this movie was a a tv series called manchester prep from fox that never aired
3 episodes weres shot and they used the footage from the tv series and then shot some brand new footage to form to the movie.
there is some information about the show here
http://www.tvtome.com/ManchesterPrep/
http://www.movieprop.com/tvandmovie/reviews/cruelintentions2.htm
http://www.trashcity.org/BLITZ/BLIT0824.HTM