Sorry, there aren't any shortcuts. What did you expect? College is kind of the whole point of the game-- that's why it's called Sims 2 University :) If you want to play the game without the tediousness of studying, doing homework, etc. then I recommend buying the base game (The Sims 2).
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You can download them from the Mod the Sims website, either look through the pets section or type horses in the search box for quicker results.
Laundry is only available through the Sims 3 Ambitions or University Life expansion packs, or if you purchase washers and dryers from the Sims store.
the sims 2 University takes up 944 MB of space
Lots are out. The sims 3 university, sims 3 nightlife, sims 3 adventures, sims 3 generations... you name it!
All sims in sims 3 can become cheerleaders in the university life. Sims 3 is just like real life, cheerleaders are not made but discovered within certain people.