(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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Borrowers will pay the _____ interest over time with the Extended Graduated Repayment plan.
most
For the best solution hierarchy, what should you suggest first before anything else?
IDR
Which IDR plan is available to Parent PLUS borrowers after they consolidate?
ICR
What is it called when the monthly payment calculation does not cover the amount of interest accruing each month?
Negative Amortization
Accounts that are ___________ cannot be brought current.
361+ days past due
Graduated repayment plan payments increase every _____ years.
2
The Extended Repayment plan is the ______________ for Parent PLUS loans.
lowest initial payment option
Total payoff for today is only good until _____________.
4:00 pm EST
The borrower is in a rehab program for vocational rehab, drug abuse, mental health treatment, alcohol abuse, or rehab training for disabled individuals by the Dept. of Veteran’s Affairs.
DRHB
All IDR plans are active for _______ months.
12
___________ loans do not qualify for any IDR plan.
Parent PLUS
The borrower is registered with a public or private employment agency or is receiving unemployment benefits.
DUEM
What loans benefit the most from a deferment?
Subsidized
All Federally-Owned loan accounts received this forbearance automatically on 3/13/2020.
FORC
The benefiting student is enrolled at least half-time at a Title IV School.
DSTU
The borrower has filed Chapter 7 or Chapter 13 bankruptcy.
FRAB
The Standard and Graduated repayment plans have ____________ monthly payments.
120
The borrower is enrolled at least half-time at a Title IV school during the previous term and plans to enroll at least half-time at a Title IV school next term.
DSUM
What IDR plan do FFELP borrowers qualify for (out of the main 4)?
IBR
How many qualifying payments does a borrower need to make for forgiveness on the PAYE plan?
240
How much of the negative amortized interest will the government cover if the borrower is on the SAVE plan?
100%
The payment can never be less than ____________ for the Standard Repayment Plan.
$50
Unpaid interest will __________ at the end of any deferment.
capitalize
What percentage of the borrower's discretionary income is used to calculate the monthly payment for ICR?
20%
For Term-Based plans, payments are based on outstanding balance, interest rate, and __________________.
length of loan term
FFELP borrowers can use the ISR plan for a maximum of _______ years.
5
What date separates Pre-HERA from Post-HERA?
7/1/2006
Borrowers who choose to sign up for AutoPay can get a _______ discount on their interest rate for each loan.
.25%
How low can a borrower's monthly payment be on an IDR plan?
$0
The borrower is on this deferment with another servicer, or receives federal/state public assistance, or serves in the PeaceCorp, or works full-time but falls below the poverty guideline for their household size.
DHAR
If a borrower is mailing a payoff payment, we should quote a ___________.
10-day PIF amount
A borrower's minimum loan balance must be at least _____________ to be eligible for the Extended Repayment Plans.
$30K
For Level Term-Based plans, payments are _________ (never change).
Fixed
Discretionary forbearance that shares times with the Low Pay Forbearance.
FORV
What status does a borrower's loans need to be eligible for AutoPay?
Repayment
What will CSRs use to get payment estimates for borrowers?
Repayment Calculator
Borrowers will pay the ________ amount of interest on the Standard repayment plan.
least
Which IDR plan is considered the best for most borrowers?
SAVE
The borrower is on this deferment with another servicer, or receives federal/state public assistance, or serves in the PeaceCorp, or works full-time but falls below the poverty guideline for their household size.
DSCH