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The subscritipions would be for tuition, and the donations would be for a custom amount of money (i.e. other charges which are on their accounts). Do I have the ability to use both at the same time in the same account with PayPal, or does it require multiple accounts.
Plus, will it say "Donate to Metro" on the payment form?
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Yes, you can use both. And, when you create a new payment scheme via PayPal, you can customize precisely what the payment/product is entitled (e.g., "Monthly Subscription Fee for Dance Lessons" or "Donation to Metro", etc.)