Disclaimer- the previous posters seem to know much more than me about astronomical telescopes. This is worth what you paid for it.
If it was me, and I am a former stargazer and more importantly father of 2 college age girls, Id forgo a telescope and spring for a set of 8x40 or 10x50 uberglas binoculars.
In my limited experience with consumer grade telescopes, astronomical details are pretty unremarkable. For good focus and color reflectors are the way to go. Spending a fraction of the cost of an 8" reflector on a good set of Swarovski or even Leica binoculars, you get twin stars, Orion's nebulae, Jupiters moons, Andromeda's galaxy, so forth and so on. You can use class time to look up the Lowell and Palomar photos, go out at night and find it in the sky, look through the binoculars and see what you can see.
If I was serious enough about astronomy as a hobby to warrant a good telescope, I'd have been involved enough to develop contacts and leads on good used glass through either online forums or a local or regional club.
You say this is for students. What are you going to do with this thing after the chilluns decide they want to go into accounting or medicine or just want to boogie woogie? Sell it on craigslist to some chump who wants a better look at his neighbor? Ive got soccer equipment, bmx bikes, and a sailboat leftover, and worth pennies on dollar spent. I wouldn't trade those memories for any amount of money but sure would like to have some residual utility. A set of great binoculars would be popular at a field night with the astronomy club and in 5 years, well, you've still got a good pair of field glasses.
Just another way to look at it.