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"The students, mostly from China's rapidly expanding middle class, can afford to pay full tuition, a godsend for colleges that have faced sharp budget cuts in recent years. But what seems at first glance a boon for colleges and students alike is, on closer inspection, a tricky fit for both."

It's that time of year...when the college acceptance letters are in and those first tuition checks will soon be going out. As college costs continue to sky-rocket, a new report finds that student loan debt has now topped credit card debt for the first time.

"Apparently, as colleges and universities have had more money to spend, they have not chosen to spend it on expanding their instructional resources-that is, on paying faculty. They have chosen, instead, to enhance their administrative and staff resources."

"Ohio Gov. John Kasich has ordered state universities to investigate ways for students to get a bachelor's degree in three years. The hope is that three-year degrees will help save students money and get them into the job market more quickly."

"I would consider it - although, given that one of my main goals right now is to get promoted to Full Professor, I need to focus on research that is published in academic journals rather than write a textbook. "

"This fall, Harvard will charge students $36,992 for tuition, compared to a bill 34 times less at most community colleges. Don't let the higher sticker price fool you. Community colleges offer teaching instruction comparable to their four-year counterparts but won't saddle graduates with long term debt in the process."