What's the purpose of the site and the intended audience? For example, is it just a project/plaything for the students or is it supposed to act as a prospectus too?
The reason I ask is that you may need to give serious consideration to accessability. If, for example, it was a prospectus then you need to ensure that it is accessible to everyone (e.g blind people). Not only is this area coming under increasing scrutiny it is also a sensible thing to do.
However... don't be put off. Making a site accessible is not difficult. It just pays to think about it before you start to build the site and plan for it. Designing with Web Standards by Jeff Zeldman is a good book on the subject. His approach is to teach standards compliance which automatically includes accessability. He'll also encourage you to use XHTML (using CSS to control layout).
My advice is to read a really good book on the subject, one that describes how to build a site properly. Then, take your time and build a single template page that passes all the tests over at the W3C's site.
If, on the other hand, it is an experimental project for the students, then take the less serious approach and learn and develop as you go along.
Final thoughts... Familiarise yourself with subjects such as PHP (a dead simple scripting language that can, for example, be used to handle contact forms). PHP can also be used to save a lot of time by enabling you to create a single version of, for example, your navigation and then drop it in to all of your pages. The beauty of this is that you only have to update the navigation in once place if you add new pages etc. Server Side Includes (SSI) would do a similar job too.
I guess what I am saying is that what you learnt 8 years ago will stand you in good stead; however, a hell of a lot has happened since then so it is worth exploring a bit before starting any design work - you'll be glad that you did.