Schoolhouse Falls is named for the small creek, Schoolhouse Branch, that originated behind the original Tracy City schoolhouse (now Tracy Elementary).  

Begin at the Fiery Gizzard North trailhead, which is the beginning of the Grundy Loop Trail.  Bear left at the intersection, heading toward the site of the 1930s-era Civilian Conservation Corps camp.  About 1/10 mile down the trail you'll come to a small wooden bridge immediately above Schoolhouse Falls, which is a small, intermittent stream that may not be running in dry weather.   At the base of the falls are the remnants of an old moonshiners' still.  Please respect the historical importance of the still and do not attempt to descend to the bottom of the falls; this area is steep and treacherous. 

From there, you can continue on the Grundy Loop Trail to see the CCC Camp, and from there to see two waterfalls, several 400-year-old hemlock trees, and the site of a Native American camp under a huge rock overhang; or, you can return the way you came.  Either way, you will be returned to the Fiery Gizzard North trailhead.