the next 2 sections sound fine

the payments
I would put something like if they don't pay the following day, their child will not be able to attend, I find that parents won't care for paying late fees, so making them spend the day with their kid is torture enough.
another thing, I'm not sure about the electronic banking. I know its easier for you, but none of my parents would ever agree with this. I have parents who pay cash because they get paid cash, and some like to write cheques. and if someone doesn't have a computer (gasp!) then what would they do kwim

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