Hi Lori,
We've been composting at our school for the last seven years -- we have both a vermicompost system as well as a large outdoor four-bin system.
I think your idea of a fish tank is a good idea, you could also possibly use a dark colored towel or bedsheet which will be easy to lift and allow students to observe -- I don't think the small amount of light for a short time will be any more disturbing to the worms than it is to lift the cover and feed them.
If you have the ability to turn off the lights, or to keep the observation container in a dark room, and to use red lights to observe, that will completely eliminate light-stress, and add some additional tools that students will enjoy using. Of course, that may not be appropriate for all cases, but could be fun!
If you're concerned about anaerobic conditions, I would add a healthy amount of browns/bedding at the start--significantly more than the food you'll be adding. You could also be sure to frequently add powdered egg shells, which will lower the pH of the bin over time. Lastly, you could purchase an inexpensive pH meter so that you'll be able to know right away if there is a problem.
Happy composting!
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Stephanie Rathsack
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