No.
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Make sure they do their homework as soon as they get back from school and have one of their parents help them study, click on the homework book and then "ask for homework help".
Game Booster 3 helps optimize computer gaming. Minimizing lag will help increase gaming capabilities. You can download it for free at http://www.iobit.com/gamebooster.html
You can find these cheats by looking online. There are many gaming forums that can help you find these cheats.
I think that 'gaming makes you stupid' is a myth. I'm a big gaming nerd *blush* It would only make you stupid if you just played vido games all day and didn't study... but still it's not the game that makes you stupid, most games actually help improve your problem solving skills.
Well there is no cheat all you have to do is make your Sims do their homework. If you have Sims 2 Seasons you have your sim drink apple juice before they do their homework. It will help them do it faster.