Study: Parents pulling back on college spending

College has never been cheap.{} These days, it's mind boggling for many families to even begin to figure out how to pay for it.

Some families{}have implemented some cost-savings strategies.{}

For example, students are choosing less expensive schools.{}{}The shift toward two year colleges was evident for the second straight year.{}{}

More students are living at home just to make ends meet, and fewer young people have credit cards.{}

The findings come from an annual study released by Sallie Mae, the nation's largest student lender.