I think this may be the one you are looking for
The Rose by coalitiongirl [NC-17]
Summary: The Watchers Academy- where young potential slayers and watchers go to train in demonology, magic, and combat so that they can someday fight vampires, demons, and the forces of evil. There are evil magic professors, a principal with a secret, and an unbreachable wall between the slayers and the watchers. And in the basement, imprisoned vampires scheme and dream of destroying them all...
http://dark-solace.org/elysian/viewstory.php?sid=3006