“It was a difficult decision,” said Elizabeth Prentice, a junior at Westchester.
“We were just coming to school and we just wanted to do what we had to do.
We have a family and a job.
We had to choose, but we didn’t want to be alone.
I know we had friends and family.
We just didn’t feel like we could make that choice.
We have to choose,” she said. “
Now we have a lot of support and we’re happy to be part of the Westchester community.”
The decision to take the college’s $3.8 million loan was not a decision made lightly, said Westchester Superintendent of Financial Services Bill McCarty.””
You have to go with what’s right for you.”
The decision to take the college’s $3.8 million loan was not a decision made lightly, said Westchester Superintendent of Financial Services Bill McCarty.
“It was always about financial need and making sure we were prepared to take care of our students,” McCarty said.
“As a community, we want to see the financial well being of the students be protected.
We will be putting the money in and hopefully, when we get the final numbers, that will be the end result.””
When we were looking at the options, we wanted to make the best financial decision for the students and the community.”
“We will be putting the money in and hopefully, when we get the final numbers, that will be the end result.”
The community college board said it had decided to take a loan to help pay for a portion of its $3 billion capital plan, which includes renovations to Westchester’s public schools and a $1.5 billion construction project to create a community college.
The $3 million loan, announced this week, was the largest one offered to a community institution by the state, and the biggest loan to a public institution since the state started making community college loans for low-income students in 2013.
Westchester Community Education Association president David Johnson said the community college’s loan was the biggest in state history.
“The community’s loan is the largest loan ever given to a private institution in the state of New York,” he said.
The community bank is also taking a loan from the state for its capital construction project.
“If you look at what our capital projects have done for Westchester, the largest is our $1 billion capital project.
That’s the largest construction project in the history of Westchester,” said Community Bank of West Chester President David Pappas.
The state has also issued about $200 million in loans to the community for other projects.