Possible Clues:

• Two scholars put into reform school
• Homecoming destination
• Graduate repeatedly brought in to reform old university
• Stanford, for Katie Ledecky
• UCLA's "Hail to the Hills of Westwood," e.g.
• Old university needs to adapt, graduate repeatedly admitted
• Graduate twice brought in to reshape one's old school
• 63-Across?
• As a learner, am sent down, having wasted a term — here?
• Old university has to adapt, providing accommodation for people with higher degrees