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Reports about the home mortgage loans at low interests given to senior officers of some educational institutions in the US. Incomplete report on loans by Princeton University; Home-loan program of Stanford University; Enquiry into loans by Congress; Interest-free loan received by John R. Silber, president of Boston University; Other recipients of loans.

Focuses on the revised Academic Progress Rates for teams in 41 Division I sports for the 2002-2004 academic year, issued by the U.S. National Collegiate Athletic Association. Calculation of Academic Progress Rate; Rate that will determine whether a team will lose a scholarship whenever an athlete leaves college without passing enough classes to remain eligible; Revised performance rates of the top teams.

Reports that student groups and lenders in the United States have agreed on a plan to change the interest rate on loans to avert the crisis in the guaranteed-student-loan program. Complaints of lenders on the proposed change; Rate of interest to be charged to borrowers under the plan; Benefits of the plan to students.

Describes the special deals offered for colleges and universities by the long-distance telephone companies in the United States. Details on the packages from Sprint, AT&T and M.C.I. companies; Competition between long-distance telephone companies.

Reports that supporters of direct lending are fighting efforts by lenders to halt an impending change in the formula for calculating the interest rate paid by borrowers in the direct-student-loan program. How direct lending allows students to bypass banks in the loan process; How much money students would save if the change is voted in; Others who oppose the change and why.

The article reports that the U.S. Treasury Department has raised the minimum payout rates for private foundations. These foundations will now have to spend more out of their investments. For foundations organized before May 27, 1969, the rate has been increased from 4.375% to 5.5% and for organizations formed recently, the rate has been increased from 5.25% to 6%.