Actually, I'm going to classify this as a no to tactile_paving.
1) Lowering the pavement would not support someone with accessibility needs to get on/off a bus. That would make it harder, I would think.
2) It looks like the same red contrasted blocks that you see on intersections meant for pedestrian crossings. And it is facing the front door of the school, with a concrete ramp up to the grounds right next to it. The other end has a bunch of shops and is paved right on the other end.
I would bet this is meant to make it less unsafe for students who are crossing incorrectly, or for people coming in/off the road. 

If anyone has a different take on whether this should be labelled tactile paving or if it benefits accessibility, feel free to reopen. But I'll make the change now.