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New River excited about expanding opportunities

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When it comes to New River Community and Technical College's new project in Nicholas County, President Marshall Washington said he is "excited and delighted to move forward." 

The project is in partnership with the Nicholas County Building Commission. Not only will it benefit the school itself, but also the potential increase in student enrollment.

A recent statement from retired Certified Public Accountant Kenneth Culp about the school's 5 to 14 percent graduation rate doesn't include some particular students, Washington said.

Some students complete two years and then head to a four-year college or university, Washington said, and some students are not included in Culp's previously stated 2,300-student graduation rate because they end up doing different things.

The new facility in Nicholas County will be entering into a lease agreement with the Nicholas County Building Commission, once approval is obtained by Attorney General Patrick Morrisey.

The state has allocated about $300,000 per year to be used for lease payments for the facility, in addition to the $100,000 New River has to use. 

The new building covers approximately 48,000-square feet and will have 15 classrooms, two computer labs, faculty offices and student space.

Despite Culp's assessment that student aid at the school should be distributed differently, when it comes to tuition, Washington said after tuition and fees are paid for each student, money is then refunded back to the students in accordance with federal guidelines. 

"Student financial aid is not given directly to students," Washington said. "Obligations have to be met through fees and tuition. 

"Refunds are given back to students after requirements are met."

The 2014 numbers derived from the school's feasibility study are projected estimates. The fiscal year for 2014 ends on June 30.

When it comes to numbers, Washington said it is important to look at the net position of a college. In 2012, Washington said that number was $18.8 million and was $20.8 million in 2013.