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Your client has asked to discuss financial aid options for their 18-year-old chi

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Your client has asked to discuss financial aid options for their 18-year-old child’s undergraduate education. They are a middle-class family that has not saved for college, nor do they have retirement savings. This is their only child, whom they still claim as a dependent. In addition to loans available to the child, the parents (aged 41 and 39) are willing to take out or co-sign loans to partially finance their child’s education.
The child will attend an in-state, public, four-year college. Annual tuition and fees are $35,000.
What financial aid recommendations will you make? Why?

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