A girls boarding school and 2 women teachers are in love with each other. It becomes a scandal and the students are pulled out of the school. One teacher hangs herself and the other walks off with a man. The actors are famous names.

The Children's Hour (1961) (http://www.imdb.com/title/tt0054743/reference)

I was just starting high school. That movie had a profound effect on me about gossip. The world could use the message over and over.

The two women were not 'in love with each other' - that's the point.