Parents and students are now relying less on taking out loans and more on grants, scholarships and their own income and savings, according to a new report from Sallie Mae. 'Over the last few years theyre considering cost more.【C1】______applying for bank loans, theyre making【C2】______decisions to save on their college【C3】______,' says Sarah Ducich, an author of the report. The large private lender, in conjunction with Ipsos Public Affairs,【C4】______in its seventh annual report that more than half of the cost of college is【C5】______by grants and scholarships, as well as parent income and savings. The average family also【C6】______less on parent and student loans, which【C7】______for 7 percent and 15 percent of the cost,【C8】______. 'But one of the most【C9】______findings of the report,' Ducich says, 'is that【C10】______soaring tuition and fees, families【C11】______in the value of college has remained strong.' Nearly all of the 1,600 parents and students【C12】______said they believed that college is an【C13】______in the future, nearly 90 percent said its needed for a(n) 【C14】______occupation and about 86 percent said they would be【C15】______to stretch financially to pay for college. And although more than two-thirds of families said they planned on borrowing, at least as a last【C16】______. many are increasingly looking for【C17】______to cut costs. Nearly all families reported taking at least one step to make college more【C18】______and on average families took five steps. Seven in 10 said they chose a(n) 【C19】______college to pay in-state tuition and more than half said they lived at home or with【C20】______. 【C1】