Yes. If students are required to participate in the subject pool you must make clear the terms under which they will receive credit for full or partial participation, their freedom to not take part in all or any part of the research, and the alternative ways in which they might fulfill their course requirements. In all human-subject activities where sensitive issues of personal behavior, depression, addiction, substance abuse, dietary disorders, suicidal tendencies, sexual disorders might be revealed, you must include on the consent form sources of professional consultation and care. In addition, efforts must be made to insure that all participants are legally adults.
Because many human subject activities, particularly in Psychology, are conducted in the context of both teaching and research, you must provide the subjects with an oral or written explanation (debriefing) of the nature, design, and implications of the project even if deception is not a part of the experiment. A debriefing script or form must be submitted with the application as an attachment.