IBRWhat IDR plando FFELPborrowersqualify for (outof the main 4)?lowestinitialpaymentoptionThe ExtendedRepayment planis the______________for Parent PLUSloans.FRABThe borrowerhas filedChapter 7 orChapter 13bankruptcy.361+dayspast dueAccounts thatare___________cannot bebrought current.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.DSTUThe benefitingstudent isenrolled at leasthalf-time at aTitle IV School.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.$0How low can aborrower'smonthlypayment be onan IDR plan?SAVEWhich IDRplan isconsidered thebest for mostborrowers?5FFELPborrowers canuse the ISRplan for amaximum of_______ years.7/1/2006What dateseparatesPre-HERAfrom Post-HERA?DRHBThe borrower is in arehab program forvocational rehab, drugabuse, mental healthtreatment, alcoholabuse, or rehabtraining for disabledindividuals by the Dept.of Veteran’s Affairs..25%Borrowers whochoose to sign upfor AutoPay canget a _______discount on theirinterest rate foreach loan.SubsidizedWhat loansbenefit themost from adeferment?capitalizeUnpaid interestwill__________ atthe end of anydeferment.2Graduatedrepaymentplan paymentsincrease every_____ years.$30KA borrower'sminimum loanbalance must be atleast _____________to be eligible for theExtended RepaymentPlans.4:00pmESTTotal payoff fortoday is onlygood until_____________.FORVDiscretionaryforbearancethat sharestimes with theLow PayForbearance.RepaymentWhat statusdoes aborrower'sloans need tobe eligible forAutoPay?IDRFor the bestsolution hierarchy,what should yousuggest firstbefore anythingelse?RepaymentCalculatorWhat willCSRs use toget paymentestimates forborrowers?FixedFor Level Term-Based plans,payments are_________(never change).ParentPLUS___________loans do notqualify forany IDR plan.leastBorrowers will paythe ________amount of intereston the Standardrepayment plan.240How manyqualifyingpayments does aborrower need tomake forforgiveness on thePAYE plan?12All IDR plansare active for_______months.120The Standard andGraduatedrepayment planshave____________monthly payments.ICRWhich IDR planis available toParent PLUSborrowers aftertheyconsolidate?mostBorrowers will paythe _____ interestover time with theExtendedGraduatedRepayment plan.lengthof loantermFor Term-Based plans,payments are basedon outstandingbalance, interest rate,and__________________.FORCAll Federally-Owned loanaccounts receivedthis forbearanceautomatically on3/13/2020.10-dayPIFamountIf a borrower ismailing a payoffpayment, weshould quote a___________.100%How much of thenegativeamortized interestwill thegovernment coverif the borrower ison the SAVE plan?20%What percentageof the borrower'sdiscretionaryincome is used tocalculate themonthly paymentfor ICR?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.$50The payment cannever be lessthan____________for the StandardRepayment Plan.NegativeAmortizationWhat is it calledwhen the monthlypayment calculationdoes not cover theamount of interestaccruing eachmonth?DUEMThe borrower isregistered with apublic or privateemployment agencyor is receivingunemploymentbenefits.IBRWhat IDR plando FFELPborrowersqualify for (outof the main 4)?lowestinitialpaymentoptionThe ExtendedRepayment planis the______________for Parent PLUSloans.FRABThe borrowerhas filedChapter 7 orChapter 13bankruptcy.361+dayspast dueAccounts thatare___________cannot bebrought current.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.DSTUThe benefitingstudent isenrolled at leasthalf-time at aTitle IV School.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.$0How low can aborrower'smonthlypayment be onan IDR plan?SAVEWhich IDRplan isconsidered thebest for mostborrowers?5FFELPborrowers canuse the ISRplan for amaximum of_______ years.7/1/2006What dateseparatesPre-HERAfrom Post-HERA?DRHBThe borrower is in arehab program forvocational rehab, drugabuse, mental healthtreatment, alcoholabuse, or rehabtraining for disabledindividuals by the Dept.of Veteran’s Affairs..25%Borrowers whochoose to sign upfor AutoPay canget a _______discount on theirinterest rate foreach loan.SubsidizedWhat loansbenefit themost from adeferment?capitalizeUnpaid interestwill__________ atthe end of anydeferment.2Graduatedrepaymentplan paymentsincrease every_____ years.$30KA borrower'sminimum loanbalance must be atleast _____________to be eligible for theExtended RepaymentPlans.4:00pmESTTotal payoff fortoday is onlygood until_____________.FORVDiscretionaryforbearancethat sharestimes with theLow PayForbearance.RepaymentWhat statusdoes aborrower'sloans need tobe eligible forAutoPay?IDRFor the bestsolution hierarchy,what should yousuggest firstbefore anythingelse?RepaymentCalculatorWhat willCSRs use toget paymentestimates forborrowers?FixedFor Level Term-Based plans,payments are_________(never change).ParentPLUS___________loans do notqualify forany IDR plan.leastBorrowers will paythe ________amount of intereston the Standardrepayment plan.240How manyqualifyingpayments does aborrower need tomake forforgiveness on thePAYE plan?12All IDR plansare active for_______months.120The Standard andGraduatedrepayment planshave____________monthly payments.ICRWhich IDR planis available toParent PLUSborrowers aftertheyconsolidate?mostBorrowers will paythe _____ interestover time with theExtendedGraduatedRepayment plan.lengthof loantermFor Term-Based plans,payments are basedon outstandingbalance, interest rate,and__________________.FORCAll Federally-Owned loanaccounts receivedthis forbearanceautomatically on3/13/2020.10-dayPIFamountIf a borrower ismailing a payoffpayment, weshould quote a___________.100%How much of thenegativeamortized interestwill thegovernment coverif the borrower ison the SAVE plan?20%What percentageof the borrower'sdiscretionaryincome is used tocalculate themonthly paymentfor ICR?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.$50The payment cannever be lessthan____________for the StandardRepayment Plan.NegativeAmortizationWhat is it calledwhen the monthlypayment calculationdoes not cover theamount of interestaccruing eachmonth?DUEMThe borrower isregistered with apublic or privateemployment agencyor is receivingunemploymentbenefits.

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