How These Borrowers Got Help Repaying Loans by Knowing Trivia

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If you have a mind for trivia night at your local bar — but not for your student loan repayment — listen up.

A mobile trivia app called Givling is using advertising revenue to help crowdsource its users’ consumer debt, including student loans. There were more than 450,000 users at last count, and since the company’s founding in 2015, more than 5,000 of them have shared $3.1 million in prize money. The site lists almost 60 student and home loans that have been repaid to date.

To find yourself in the winner’s circle, you’ll need to put forth some time and effort, but if you’re as fortunate as the four borrowers below, it might pay off.

How Givling works

Users can play two rounds of trivia for free each day on the app, then purchase additional rounds for $0.50 each. You’re assigned randomly to a team up with two other users — the team with the most points splits the weekly cash pot three ways.

You could win the ultimate prize — up to $50,000 toward a student loan (or mortgage) repayment — by working your way up the Givling “Queue.” To do that, you earn points by playing trivia, signing up with the app’s sponsors and inviting friends to join. There are also random daily drawings for all users ($500) and weekly drawings for users with a student or mortgage loan in the red ($10,000).

Givling, a for-profit company, keeps 10% of the money it earns from displaying those in-app advertisements and working with sponsors. Users, including student loan borrowers and homeowners, take home the other 90%.

The winnings are taxable unless they’re used for student loan repayment, according to Givling. So if your jackpot goes entirely to student debt, you shouldn’t owe any taxes on it, but you should consult a tax professional to be sure.

Image credit: Givling

4 borrowers who won big on Givling

If you’re seeking clever ways to whittle down your debt, you might not mind sitting through a commercial or two. These four borrowers shared their stories with Student Loan Hero — check out the details below, along with some thoughts on whether you should download the app too.

1. Kayla Ventura won $10,901

Image credit: Kayla Ventura

After growing up watching “Jeopardy!” and other quiz shows on TV, Ventura quickly latched onto a Givling competitor called HQ that also awards prize money but doesn’t cater specifically to student loan borrowers. Once she learned about Givling in 2018, she gave it a try and appreciated its rapid-fire trivia style.

Questions are posed as statements and are answered by choosing true or false. You might be asked whether Guantanamo Bay detainees are allowed to watch the World Cup, Catholic priests have always had to take a vow of celibacy or if any buried bodies of U.S. presidents have been unearthed, to name a few examples.

Despite winning more than $10,000 in April 2019, Ventura still has six figures of loan debt, especially after attending graduate school for her physician assistant (PA) degree. Now working in Florida as a PA specializing in surgery, she said she plans to pay it off over 20 years, and with any luck, could shorten that span with more trivia winnings.

“My strategy was playing more and more games to practice,” Ventura said. “When I get questions wrong about a specific topic, I go and research that topic and learn about it in case similar questions show up.”

2. Mike Rosser won $16,646

Image credit: Mike Rosser

Rosser started using Givling in 2015 after a friend won the daily trivia prize — back then, it ranged between $40-$50 because of the app’s smaller user base. He said he liked that Givling was free to play (aside from consuming the advertisements) and could be played any time of day.

Once he found out about the app’s queue for student (and home) loan payoffs, he redoubled his efforts. He played almost daily for four years before sharing a nearly $50,000 pot with two users on his randomly assigned trivia team.

“The prize money will allow me to completely pay off my loan with the highest interest rate, which will make a huge difference for me,” said Rosser, who had about $51,000 left to repay on the approximately $65,000 he borrowed for college and veterinary school.

“Once this loan is wiped out, the majority of my monthly payments will be going toward the principal balance for the first time. I can’t wait to actually see my total balance decrease with every payment!” he said.

Rosser, a clinical pathology instructor at his alma mater’s veterinary laboratory, added that he felt some much-needed relief from the stress of seeing his debt grow as he sought a second degree.

“Since finishing my program, I’m now on track to pay off my student loans over a 10-year period, although the monthly payment still (stretches) my budget,” he said. “With the Givling prize money, my student loans no longer cause me the daily anxiety they once did, and I am so excited to have them out of my life.”

3. Dustin Gabler won about $35,000

Image credit: Dustin Gabler

Another trivia buff, Gabler had low expectations when he started using Givling in 2015.

“I figured if I could play a game that used the ad revenue to help pay off others’ student loans, I was contributing in some way,” Gabler said. “I never really looked at it as a way out of debt for myself, to be honest.”

Three trivia team victories later, and he’s shaved off almost five years off his loan repayment — something he deemed impossible when he graduated $40,000 in the hole, with low salary prospects as an English major.

“You may end up winning, but simply doing good and helping others with no cost to you makes you feel good,” said Gabler, who has about $10,000 left in student loan debt and is hoping to zero his balance within a year. “It’s great to watch people have their loans paid, even if you know you’ll never be the one that gets the $50,000 loan payment.”

4. Laura Clasemman won about $17,300

Image credit: Laura Clasemman

Clasemman first heard about Givling when she read that an Indianapolis man used it and received a $50,000 student loan debt payoff in November 2018. Three months later, she made playing trivia on her phone app a regular part of her commute.

“I’m not very good at trivia but thought that playing Givling would be a fun way to pass the time,” she said. “When I found out at the end of this past March that I (had) been on the winning trivia team, I was very surprised.”

The 2013 graduate said she left school with about $70,000 in student loan debt. Her Givling winnings went directly to paying off her highest-interest private loans. She has about $38,000 left to repay and isn’t planning on deleting the app from her phone anytime soon.

Where Givling fits among student loan repayment strategies

You might be tempted to download an app like Givling or even attempt to make your TV debut on a student loan game show.

Despite winning five figures for their debt, however, all four of the borrowers above say you shouldn’t consider these options to be the one and only solution to your student loan repayment.

“Think of Givling like a free lottery ticket (but) with better odds,” said Rosser, the veterinary school graduate. “A lot of new users are discouraged by how difficult it is to reach the top of the $50,000 loan payoff queue, but just playing daily and getting lucky can earn you some cash.”

So even if you love trivia games and don’t mind long odds, consider our winning borrowers’ more reliable repayment strategies:

  • Ventura uses the debt avalanche method: “My loan servicer requires the minimum monthly payment to be spread out equally between all my various loans with different interest rates. If I ever put extra money in my loans, I make sure to specify it to go towards the highest interest rate loan.”
  • Rosser made voluntary payments during a deferment: “I paid as much on my loans as I could when they were in deferment (while attending veterinary school), even though a monthly payment was not due at that time. This really helped keep my total balance static once my loans went into repayment.”
  • Gabler pays more than the minimum whenever possible: “Even $5. (It’s) more of a psychological thing because it helped me feel like I was going above and beyond … I put large portions of all of my tax refunds and salary bonuses directly to my loans before they hit my bank. That way, I never missed the money.”
  • Clasemman takes a two-pronged approach: “I currently live at home with my family and limit how much I eat out to pay off my debt. I’m currently working full time, and I make extra payments on my student loans whenever I can to save money on interest.”

Other dependable methods to manage your debt include:

Choosing one of these more serious strategies won’t stop you from taking cash windfalls and applying them to your debt — you can do both.

Think of Givling then, as Rosser suggests, like a free lottery ticket — one that hopefully will win you freedom from debt.

Interested in refinancing student loans?

Here are the top 9 lenders of 2021!
LenderVariable APREligible Degrees 
1.88% – 6.15%1Undergrad
& Graduate

Visit Splash

1.88% – 5.64%2Undergrad
& Graduate

Visit Earnest

2.50% – 6.85%3Undergrad
& Graduate

Visit CommonBond

1.89% – 5.90%4Undergrad
& Graduate

Visit Laurel Road

2.25% – 6.39%5Undergrad
& Graduate

Visit SoFi

1.88% – 5.64%6Undergrad
& Graduate

Visit NaviRefi

1.90% – 5.25%7Undergrad
& Graduate

Visit Lendkey

2.39% – 6.01%Undergrad
& Graduate

Visit Elfi

2.13% – 5.25%8Undergrad
& Graduate

Visit PenFed

Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Splash Financial.

Splash Financial Disclosures

Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount

The information you provide to us is an inquiry to determine whether we or our lenders can make a loan offer that meets your needs. If we or any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. We do not guarantee that you will receive any loan offers or that your loan application will be approved. Offers are subject to credit approval and are available only to U.S. citizens or permanent residents who meet applicable underwriting requirements. Not all borrowers will receive the lowest rates, which are available to the most qualified borrowers. Participating lenders, rates and terms are subject to change at any time without notice.

To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of June 1, 2021.

2 Rate range above includes optional 0.25% Auto Pay discount. Important Disclosures for Earnest.

Earnest Disclosures

Interest Rate Disclosure

Actual rate and available repayment terms will vary based on your income. Fixed rates range from 2.59% APR to 5.79% APR (excludes 0.25% Auto Pay discount). Variable rates range from 1.88% APR to 5.64% APR (excludes 0.25% Auto Pay discount). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 36% (the maximum allowable for these loans). Earnest variable interest rate student loan refinance loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 2.04% and 5.8% to the one month LIBOR. Earnest rate ranges are current as of 6/8/2021, and are subject to change based on market conditions.

Auto Pay Discount Disclosure

You can take advantage of the Auto Pay interest rate reduction by setting up and maintaining active and automatic ACH withdrawal of your loan payment. The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay. Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction. For multi-party loans, only one party may enroll in Auto Pay.

Student Loan Refinancing Loan Cost Examples

These examples provide estimates based on payments beginning immediately upon loan disbursement. Variable APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and a 5.89% APR would result in a total estimated payment amount of $17,042.39. For a variable loan, after your starting rate is set, your rate will then vary with the market. Fixed APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and a 6.04% APR would result in a total estimated payment amount of $17,249.77. Your actual repayment terms may vary.Terms and Conditions apply. Visit https://www.earnest. com/terms-of-service, e-mail us at [email protected], or call 888-601-2801 for more information on our student loan refinance product.

Earnest Loans are made by Earnest Operations LLC or One American Bank, Member FDIC. Earnest Operations LLC, NMLS #1204917. 535 Mission St., Suite 1663, San Francisco, CA 94105. California Financing Law License 6054788. Visit for a full list of licensed states. For California residents (Student Loan Refinance Only): Loans will be arranged or made pursuant to a California Financing Law License.

One American Bank, 515 S. Minnesota Ave, Sioux Falls, SD 57104. Earnest loans are serviced by Earnest Operations LLC with support from Navient Solutions LLC (NMLS #212430). One American Bank and Earnest LLC and its subsidiaries are not sponsored by or agencies of the United States of America.

© 2021 Earnest LLC. All rights reserved.

3 Important Disclosures for CommonBond.

CommonBond Disclosures

Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. ‍All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.15% effective Jan 1, 2021 and may increase after consummation.

4 Important Disclosures for Laurel Road.

Laurel Road Disclosures

All credit products are subject to credit approval.

Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit

As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.

  1. Checking your rate with Laurel Road only requires a soft credit pull, which will not affect your credit score. To proceed with an application, a hard credit pull will be required, which may affect your credit score.
  2. Savings vary based on rate and term of your existing and refinanced loan(s). Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. Review your loan documentation for total cost of your refinanced loan.
  3. After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship. During any period of forbearance interest will continue to accrue. At the end of the forbearance period, any unpaid accrued interest will be capitalized and be added to the remaining principle amount of the loan.
  4. Automatic Payment (“AutoPay”) Discount: if the borrower chooses to make monthly payments automatically from a bank account, the interest rate will decrease by 0.25% and will increase back if the borrower stops making (or we stop accepting) monthly payments automatically from the borrower’s bank account. The 0.25% AutoPay discount will not reduce the monthly payment; instead, the discount is applied to the principal to help pay the loan down faster.

Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.

Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.

Interest Rate: A simple annual rate that is applied to an unpaid balance.

Variable Rates: The current index for variable rate loans is derived from the one-month London Interbank Offered Rate (“LIBOR”) and changes in the LIBOR index may cause your monthly payment to increase. Borrowers who take out a term of 5, 7, or 10 years will have a maximum interest rate of 9%, those who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.


This information is current as of April 29, 2021. Information and rates are subject to change without notice.

5 Important Disclosures for SoFi.

SoFi Disclosures

Fixed rates from 2.74% APR to 6.74% APR (with autopay). Variable rates from 2.25% APR to 6.39% APR (with autopay). All variable rates are based on the 1-month LIBOR and may increase after consummation if LIBOR increases; see more at If approved for a loan your rate will depend on a variety of factors such as your credit profile, your application and your selected loan terms. Your rate will be within the ranges of rates listed above. Lowest rates reserved for the most creditworthy borrowers. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi loans are originated by SoFi Lending Corp. or an affiliate (dba SoFi), a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law, license #6054612; NMLS #1121636 ( Additional terms and conditions apply; see for details. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

6 Important Disclosures for Navient.

Navient Disclosures

1. NaviRefi loans are made by Earnest Operations LLC, a member of the Navient family of companies, subject to individual approval and underwriting criteria. California residents only: Loans made or arranged pursuant to a California Finance Lenders Law license. Additional terms and conditions apply.

– To qualify, you must be a U.S. citizen or non-citizen permanent resident of the United States, reside in a state we lend in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Loan terms are subject to eligibility. Approval and interest rate depend on the review of a complete application. Loan approval is subject to confirmation that your debt-to-income, free cash flow, credit history and application information meet the minimum requirements. You must have a minimum FICO score to be considered.

– You can choose between fixed and variable rates. Fixed interest rates are 2.75% – 6.04% APR (2.50% – 5.79% APR with Auto Pay discount). Starting variable interest rates are 2.13% – 5.89% APR (1.88% – 5.64% APR with Auto Pay discount). Variable rates are based on an index, the 30-day Average Secured Overnight Financing Rate (SOFR) plus a margin. Variable rates are reset monthly based on the fluctuation of the index. We do not currently offer variable rate loans in AK, CO, CT, HI, IL, KY, MA, MN, MS, NH, OH, OK, SC, TN, TX, and VA.

– You can take advantage of the 0.25% Auto Pay interest rate reduction by setting up and maintaining active and automatic ACH withdrawal of your loan payment. The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay. Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction. NaviRefi rate ranges are current as of June 1, 2021 and are subject to change based on market conditions and borrower eligibility.

– The information provided on this page is updated as of 06/1/2021. Earnest Operations LLC reserves the right to modify or discontinue (in whole or in part) this loan program and its associated services and benefits at any time without notice. Check for the most up-to-date information. Terms and Conditions apply. Call 855-284-4893 for more information on our student loan refinance product.

– Earnest Operations LLC – NMLS #1204917, CA CFL #6054788 – 535 Mission St., Suite 1663, San Francisco, CA 94105.
Navient Solutions, LLC – NMLS #212430 – 123 Justison St., Wilmington, DE 19801. Visit for a full list of licensed states.

7 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it  endorse,  any educational institution.

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810.

As of 04/07/2021 student loan refinancing rates range from 1.90% APR – 5.25% Variable APR with AutoPay and 2.95% APR – 7.63% Fixed APR with AutoPay.

8 Important Disclosures for PenFed.

PenFed Disclosures

Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.89%-4.78% APR and Variable Rates range from 2.13%-5.25% APR. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be 2.00%. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.