240How manyqualifyingpayments does aborrower need tomake forforgiveness on thePAYE plan?lengthof loantermFor Term-Based plans,payments are basedon outstandingbalance, interest rate,and__________________.120The Standard andGraduatedrepayment planshave____________monthly payments.RepaymentCalculatorWhat willCSRs use toget paymentestimates forborrowers?10-dayPIFamountIf a borrower ismailing a payoffpayment, weshould quote a___________.leastBorrowers will paythe ________amount of intereston the Standardrepayment plan.FORVDiscretionaryforbearancethat sharestimes with theLow PayForbearance.IBRWhat IDR plando FFELPborrowersqualify for (outof the main 4)?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.FixedFor Level Term-Based plans,payments are_________(never change).ParentPLUS___________loans do notqualify forany IDR plan.ICRWhich IDR planis available toParent PLUSborrowers aftertheyconsolidate?FORCAll Federally-Owned loanaccounts receivedthis forbearanceautomatically on3/13/2020.lowestinitialpaymentoptionThe ExtendedRepayment planis the______________for Parent PLUSloans.20%What percentageof the borrower'sdiscretionaryincome is used tocalculate themonthly paymentfor ICR?7/1/2006What dateseparatesPre-HERAfrom Post-HERA?$30KA borrower'sminimum loanbalance must be atleast _____________to be eligible for theExtended RepaymentPlans.2Graduatedrepaymentplan paymentsincrease every_____ years.FRABThe borrowerhas filedChapter 7 orChapter 13bankruptcy.SubsidizedWhat loansbenefit themost from adeferment?12All IDR plansare active for_______months.$0How low can aborrower'smonthlypayment be onan IDR plan?RepaymentWhat statusdoes aborrower'sloans need tobe eligible forAutoPay?361+dayspast dueAccounts thatare___________cannot bebrought current.100%How much of thenegativeamortized interestwill thegovernment coverif the borrower ison the SAVE plan?$50The payment cannever be lessthan____________for the StandardRepayment Plan..25%Borrowers whochoose to sign upfor AutoPay canget a _______discount on theirinterest rate foreach loan.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.SAVEWhich IDRplan isconsidered thebest for mostborrowers?mostBorrowers will paythe _____ interestover time with theExtendedGraduatedRepayment plan.capitalizeUnpaid interestwill__________ atthe end of anydeferment.DRHBThe borrower is in arehab program forvocational rehab, drugabuse, mental healthtreatment, alcoholabuse, or rehabtraining for disabledindividuals by the Dept.of Veteran’s Affairs.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.IDRFor the bestsolution hierarchy,what should yousuggest firstbefore anythingelse?NegativeAmortizationWhat is it calledwhen the monthlypayment calculationdoes not cover theamount of interestaccruing eachmonth?4:00pmESTTotal payoff fortoday is onlygood until_____________.5FFELPborrowers canuse the ISRplan for amaximum of_______ years.DUEMThe borrower isregistered with apublic or privateemployment agencyor is receivingunemploymentbenefits.240How manyqualifyingpayments does aborrower need tomake forforgiveness on thePAYE plan?lengthof loantermFor Term-Based plans,payments are basedon outstandingbalance, interest rate,and__________________.120The Standard andGraduatedrepayment planshave____________monthly payments.RepaymentCalculatorWhat willCSRs use toget paymentestimates forborrowers?10-dayPIFamountIf a borrower ismailing a payoffpayment, weshould quote a___________.leastBorrowers will paythe ________amount of intereston the Standardrepayment plan.FORVDiscretionaryforbearancethat sharestimes with theLow PayForbearance.IBRWhat IDR plando FFELPborrowersqualify for (outof the main 4)?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.FixedFor Level Term-Based plans,payments are_________(never change).ParentPLUS___________loans do notqualify forany IDR plan.ICRWhich IDR planis available toParent PLUSborrowers aftertheyconsolidate?FORCAll Federally-Owned loanaccounts receivedthis forbearanceautomatically on3/13/2020.lowestinitialpaymentoptionThe ExtendedRepayment planis the______________for Parent PLUSloans.20%What percentageof the borrower'sdiscretionaryincome is used tocalculate themonthly paymentfor ICR?7/1/2006What dateseparatesPre-HERAfrom Post-HERA?$30KA borrower'sminimum loanbalance must be atleast _____________to be eligible for theExtended RepaymentPlans.2Graduatedrepaymentplan paymentsincrease every_____ years.FRABThe borrowerhas filedChapter 7 orChapter 13bankruptcy.SubsidizedWhat loansbenefit themost from adeferment?12All IDR plansare active for_______months.$0How low can aborrower'smonthlypayment be onan IDR plan?RepaymentWhat statusdoes aborrower'sloans need tobe eligible forAutoPay?361+dayspast dueAccounts thatare___________cannot bebrought current.100%How much of thenegativeamortized interestwill thegovernment coverif the borrower ison the SAVE plan?$50The payment cannever be lessthan____________for the StandardRepayment Plan..25%Borrowers whochoose to sign upfor AutoPay canget a _______discount on theirinterest rate foreach loan.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.SAVEWhich IDRplan isconsidered thebest for mostborrowers?mostBorrowers will paythe _____ interestover time with theExtendedGraduatedRepayment plan.capitalizeUnpaid interestwill__________ atthe end of anydeferment.DRHBThe borrower is in arehab program forvocational rehab, drugabuse, mental healthtreatment, alcoholabuse, or rehabtraining for disabledindividuals by the Dept.of Veteran’s Affairs.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.IDRFor the bestsolution hierarchy,what should yousuggest firstbefore anythingelse?NegativeAmortizationWhat is it calledwhen the monthlypayment calculationdoes not cover theamount of interestaccruing eachmonth?4:00pmESTTotal payoff fortoday is onlygood until_____________.5FFELPborrowers canuse the ISRplan for amaximum of_______ years.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. How many qualifying payments does a borrower need to make for forgiveness on the PAYE plan?
    240
  2. For Term-Based plans, payments are based on outstanding balance, interest rate, and __________________.
    length of loan term
  3. The Standard and Graduated repayment plans have ____________ monthly payments.
    120
  4. What will CSRs use to get payment estimates for borrowers?
    Repayment Calculator
  5. If a borrower is mailing a payoff payment, we should quote a ___________.
    10-day PIF amount
  6. Borrowers will pay the ________ amount of interest on the Standard repayment plan.
    least
  7. Discretionary forbearance that shares times with the Low Pay Forbearance.
    FORV
  8. What IDR plan do FFELP borrowers qualify for (out of the main 4)?
    IBR
  9. 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
  10. For Level Term-Based plans, payments are _________ (never change).
    Fixed
  11. ___________ loans do not qualify for any IDR plan.
    Parent PLUS
  12. Which IDR plan is available to Parent PLUS borrowers after they consolidate?
    ICR
  13. All Federally-Owned loan accounts received this forbearance automatically on 3/13/2020.
    FORC
  14. The Extended Repayment plan is the ______________ for Parent PLUS loans.
    lowest initial payment option
  15. What percentage of the borrower's discretionary income is used to calculate the monthly payment for ICR?
    20%
  16. What date separates Pre-HERA from Post-HERA?
    7/1/2006
  17. A borrower's minimum loan balance must be at least _____________ to be eligible for the Extended Repayment Plans.
    $30K
  18. Graduated repayment plan payments increase every _____ years.
    2
  19. The borrower has filed Chapter 7 or Chapter 13 bankruptcy.
    FRAB
  20. What loans benefit the most from a deferment?
    Subsidized
  21. All IDR plans are active for _______ months.
    12
  22. How low can a borrower's monthly payment be on an IDR plan?
    $0
  23. What status does a borrower's loans need to be eligible for AutoPay?
    Repayment
  24. Accounts that are ___________ cannot be brought current.
    361+ days past due
  25. How much of the negative amortized interest will the government cover if the borrower is on the SAVE plan?
    100%
  26. The payment can never be less than ____________ for the Standard Repayment Plan.
    $50
  27. Borrowers who choose to sign up for AutoPay can get a _______ discount on their interest rate for each loan.
    .25%
  28. 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
  29. The benefiting student is enrolled at least half-time at a Title IV School.
    DSTU
  30. Which IDR plan is considered the best for most borrowers?
    SAVE
  31. Borrowers will pay the _____ interest over time with the Extended Graduated Repayment plan.
    most
  32. Unpaid interest will __________ at the end of any deferment.
    capitalize
  33. 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
  34. 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
  35. For the best solution hierarchy, what should you suggest first before anything else?
    IDR
  36. What is it called when the monthly payment calculation does not cover the amount of interest accruing each month?
    Negative Amortization
  37. Total payoff for today is only good until _____________.
    4:00 pm EST
  38. FFELP borrowers can use the ISR plan for a maximum of _______ years.
    5
  39. The borrower is registered with a public or private employment agency or is receiving unemployment benefits.
    DUEM