Final answer:
A guaranteed fee for a $200,000 loan that refinances $140,000 of FSA debt depends on the specific loan terms. Guarantee fees can vary and whether they are required should be verified with the lender or through a financial advisor.
Step-by-step explanation:
Whether a guaranteed fee is required for a $200,000 loan, of which $140,000 is used to refinance direct FSA debt, will depend on the loan program's terms and conditions associated with the refinancing of federal student loans. Typically, when refinancing federal student aid (FSA) debt with a private lender, the original loan guarantees and benefits may be lost, and the terms of the new loan, including any associated fees, will vary by the lender and the borrower's financial profile. Guarantee fees may be charged upfront as a percentage of the loan amount or rolled into the total loan. However, this can differ based on the type of loan and the policies of the lending institution. For instance, some loans guaranteed by the government might not require a separate fee, while others might. Always review the specific terms of the agreement or speak to a financial advisor to understand all the costs associated with refinancing FSA debt.