SAVEWhich IDRplan isconsidered thebest for mostborrowers?7/1/2006What dateseparatesPre-HERAfrom Post-HERA?5FFELPborrowers canuse the ISRplan for amaximum of_______ years.DUEMThe borrower isregistered with apublic or privateemployment agencyor is receivingunemploymentbenefits.100%How much of thenegativeamortized interestwill thegovernment coverif the borrower ison the SAVE plan?lengthof loantermFor Term-Based plans,payments are basedon outstandingbalance, interest rate,and__________________.capitalizeUnpaid interestwill__________ atthe end of anydeferment.240How manyqualifyingpayments does aborrower need tomake forforgiveness on thePAYE plan?DRHBThe borrower is in arehab program forvocational rehab, drugabuse, mental healthtreatment, alcoholabuse, or rehabtraining for disabledindividuals by the Dept.of Veteran’s Affairs.2Graduatedrepaymentplan paymentsincrease every_____ years.IDRFor the bestsolution hierarchy,what should yousuggest firstbefore anythingelse?FixedFor Level Term-Based plans,payments are_________(never change).DSUMThe borrower isenrolled at least half-time at a Title IV schoolduring the previousterm and plans toenroll at least half-timeat a Title IV school nextterm.IBRWhat IDR plando FFELPborrowersqualify for (outof the main 4)?$30KA borrower'sminimum loanbalance must be atleast _____________to be eligible for theExtended RepaymentPlans.mostBorrowers will paythe _____ interestover time with theExtendedGraduatedRepayment plan.FRABThe borrowerhas filedChapter 7 orChapter 13bankruptcy.RepaymentCalculatorWhat willCSRs use toget paymentestimates forborrowers?$50The payment cannever be lessthan____________for the StandardRepayment Plan.12All IDR plansare active for_______months.4:00pmESTTotal payoff fortoday is onlygood until_____________.lowestinitialpaymentoptionThe ExtendedRepayment planis the______________for Parent PLUSloans.SubsidizedWhat loansbenefit themost from adeferment?ICRWhich IDR planis available toParent PLUSborrowers aftertheyconsolidate?NegativeAmortizationWhat is it calledwhen the monthlypayment calculationdoes not cover theamount of interestaccruing eachmonth?.25%Borrowers whochoose to sign upfor AutoPay canget a _______discount on theirinterest rate foreach loan.361+dayspast dueAccounts thatare___________cannot bebrought current.DSTUThe benefitingstudent isenrolled at leasthalf-time at aTitle IV School.FORVDiscretionaryforbearancethat sharestimes with theLow PayForbearance.FORCAll Federally-Owned loanaccounts receivedthis forbearanceautomatically on3/13/2020.RepaymentWhat statusdoes aborrower'sloans need tobe eligible forAutoPay?DHARThe borrower is on thisdeferment with anotherservicer, or receivesfederal/state publicassistance, or serves inthe PeaceCorp, or worksfull-time but falls belowthe poverty guideline fortheir household size.120The Standard andGraduatedrepayment planshave____________monthly payments.DSCHThe borrower is on thisdeferment with anotherservicer, or receivesfederal/state publicassistance, or serves inthe PeaceCorp, or worksfull-time but falls belowthe poverty guideline fortheir household size.ParentPLUS___________loans do notqualify forany IDR plan.leastBorrowers will paythe ________amount of intereston the Standardrepayment plan.$0How low can aborrower'smonthlypayment be onan IDR plan?10-dayPIFamountIf a borrower ismailing a payoffpayment, weshould quote a___________.20%What percentageof the borrower'sdiscretionaryincome is used tocalculate themonthly paymentfor ICR?SAVEWhich IDRplan isconsidered thebest for mostborrowers?7/1/2006What dateseparatesPre-HERAfrom Post-HERA?5FFELPborrowers canuse the ISRplan for amaximum of_______ years.DUEMThe borrower isregistered with apublic or privateemployment agencyor is receivingunemploymentbenefits.100%How much of thenegativeamortized interestwill thegovernment coverif the borrower ison the SAVE plan?lengthof loantermFor Term-Based plans,payments are basedon outstandingbalance, interest rate,and__________________.capitalizeUnpaid interestwill__________ atthe end of anydeferment.240How manyqualifyingpayments does aborrower need tomake forforgiveness on thePAYE plan?DRHBThe borrower is in arehab program forvocational rehab, drugabuse, mental healthtreatment, alcoholabuse, or rehabtraining for disabledindividuals by the Dept.of Veteran’s Affairs.2Graduatedrepaymentplan paymentsincrease every_____ years.IDRFor the bestsolution hierarchy,what should yousuggest firstbefore anythingelse?FixedFor Level Term-Based plans,payments are_________(never change).DSUMThe borrower isenrolled at least half-time at a Title IV schoolduring the previousterm and plans toenroll at least half-timeat a Title IV school nextterm.IBRWhat IDR plando FFELPborrowersqualify for (outof the main 4)?$30KA borrower'sminimum loanbalance must be atleast _____________to be eligible for theExtended RepaymentPlans.mostBorrowers will paythe _____ interestover time with theExtendedGraduatedRepayment plan.FRABThe borrowerhas filedChapter 7 orChapter 13bankruptcy.RepaymentCalculatorWhat willCSRs use toget paymentestimates forborrowers?$50The payment cannever be lessthan____________for the StandardRepayment Plan.12All IDR plansare active for_______months.4:00pmESTTotal payoff fortoday is onlygood until_____________.lowestinitialpaymentoptionThe ExtendedRepayment planis the______________for Parent PLUSloans.SubsidizedWhat loansbenefit themost from adeferment?ICRWhich IDR planis available toParent PLUSborrowers aftertheyconsolidate?NegativeAmortizationWhat is it calledwhen the monthlypayment calculationdoes not cover theamount of interestaccruing eachmonth?.25%Borrowers whochoose to sign upfor AutoPay canget a _______discount on theirinterest rate foreach loan.361+dayspast dueAccounts thatare___________cannot bebrought current.DSTUThe benefitingstudent isenrolled at leasthalf-time at aTitle IV School.FORVDiscretionaryforbearancethat sharestimes with theLow PayForbearance.FORCAll Federally-Owned loanaccounts receivedthis forbearanceautomatically on3/13/2020.RepaymentWhat statusdoes aborrower'sloans need tobe eligible forAutoPay?DHARThe borrower is on thisdeferment with anotherservicer, or receivesfederal/state publicassistance, or serves inthe PeaceCorp, or worksfull-time but falls belowthe poverty guideline fortheir household size.120The Standard andGraduatedrepayment planshave____________monthly payments.DSCHThe borrower is on thisdeferment with anotherservicer, or receivesfederal/state publicassistance, or serves inthe PeaceCorp, or worksfull-time but falls belowthe poverty guideline fortheir household size.ParentPLUS___________loans do notqualify forany IDR plan.leastBorrowers will paythe ________amount of intereston the Standardrepayment plan.$0How low can aborrower'smonthlypayment be onan IDR plan?10-dayPIFamountIf a borrower ismailing a payoffpayment, weshould quote a___________.20%What percentageof the borrower'sdiscretionaryincome is used tocalculate themonthly paymentfor ICR?

Best Solution - Call List

(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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  1. Which IDR plan is considered the best for most borrowers?
    SAVE
  2. What date separates Pre-HERA from Post-HERA?
    7/1/2006
  3. FFELP borrowers can use the ISR plan for a maximum of _______ years.
    5
  4. The borrower is registered with a public or private employment agency or is receiving unemployment benefits.
    DUEM
  5. How much of the negative amortized interest will the government cover if the borrower is on the SAVE plan?
    100%
  6. For Term-Based plans, payments are based on outstanding balance, interest rate, and __________________.
    length of loan term
  7. Unpaid interest will __________ at the end of any deferment.
    capitalize
  8. How many qualifying payments does a borrower need to make for forgiveness on the PAYE plan?
    240
  9. 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
  10. Graduated repayment plan payments increase every _____ years.
    2
  11. For the best solution hierarchy, what should you suggest first before anything else?
    IDR
  12. For Level Term-Based plans, payments are _________ (never change).
    Fixed
  13. 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
  14. What IDR plan do FFELP borrowers qualify for (out of the main 4)?
    IBR
  15. A borrower's minimum loan balance must be at least _____________ to be eligible for the Extended Repayment Plans.
    $30K
  16. Borrowers will pay the _____ interest over time with the Extended Graduated Repayment plan.
    most
  17. The borrower has filed Chapter 7 or Chapter 13 bankruptcy.
    FRAB
  18. What will CSRs use to get payment estimates for borrowers?
    Repayment Calculator
  19. The payment can never be less than ____________ for the Standard Repayment Plan.
    $50
  20. All IDR plans are active for _______ months.
    12
  21. Total payoff for today is only good until _____________.
    4:00 pm EST
  22. The Extended Repayment plan is the ______________ for Parent PLUS loans.
    lowest initial payment option
  23. What loans benefit the most from a deferment?
    Subsidized
  24. Which IDR plan is available to Parent PLUS borrowers after they consolidate?
    ICR
  25. What is it called when the monthly payment calculation does not cover the amount of interest accruing each month?
    Negative Amortization
  26. Borrowers who choose to sign up for AutoPay can get a _______ discount on their interest rate for each loan.
    .25%
  27. Accounts that are ___________ cannot be brought current.
    361+ days past due
  28. The benefiting student is enrolled at least half-time at a Title IV School.
    DSTU
  29. Discretionary forbearance that shares times with the Low Pay Forbearance.
    FORV
  30. All Federally-Owned loan accounts received this forbearance automatically on 3/13/2020.
    FORC
  31. What status does a borrower's loans need to be eligible for AutoPay?
    Repayment
  32. 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
  33. The Standard and Graduated repayment plans have ____________ monthly payments.
    120
  34. 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
  35. ___________ loans do not qualify for any IDR plan.
    Parent PLUS
  36. Borrowers will pay the ________ amount of interest on the Standard repayment plan.
    least
  37. How low can a borrower's monthly payment be on an IDR plan?
    $0
  38. If a borrower is mailing a payoff payment, we should quote a ___________.
    10-day PIF amount
  39. What percentage of the borrower's discretionary income is used to calculate the monthly payment for ICR?
    20%