How These Borrowers Got Help Repaying Loans by Knowing Trivia

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

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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 8 lenders of 2020!
LenderVariable APREligible Degrees 
Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.

Earnest Disclosures

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends 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. Approval and interest rate depend on the review of a complete application.

Earnest fixed rate loan rates range from 3.20% APR (with Auto Pay) to 6.99% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 6.89% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate 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 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of December 13, 2019, and are subject to change based on market conditions and borrower eligibility.

Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.

The information provided on this page is updated as of 12/13/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit, email us at, or call 888-601-2801 for more information on our student loan refinance product.

© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.46% APR (with AutoPay) to 7.61% APR (without AutoPay). Variable rates currently from 2.31% APR (with AutoPay) to 7.61% (without AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.31% APR assumes current 1 month LIBOR rate of 2.31% plus 0.75% margin minus 0.25% for AutoPay. If approved for a loan, the fixed or variable interest rate offered will depend on your credit history and the term of the loan and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

3 Important Disclosures for Figure.

Figure Disclosures

Figure’s Student Refinance Loan is a private loan. If you refinance federal loans, you forfeit certain flexible repayment options associated with those loans. If you expect to incur financial hardship that would impact your ability to repay, you should consider federal consolidation alternatives.

4 Important Disclosures for College Ave.

College Ave Disclosures

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

1College Ave Refi Education loans are not currently available to residents of Maine.

2All rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

3$5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.

4This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 1/1/2020. Variable interest rates may increase after consummation.

5 Important Disclosures for Laurel Road.

Laurel Road Disclosures

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. Mortgage lending is not offered in Puerto Rico. All loans are provided by KeyBank National Association.
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.

This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.


There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.


For bachelor’s degrees and higher, up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing. If you are refinancing greater than $300,000 in student loan debt, Lender may refinance the loans into 2 or more new loans.
For eligible Associates degrees in the healthcare field (see Eligibility & Eligible Loans section below), Lender will refinance up to $50,000 in loans for non-ParentPlus refinance loans. Note, parents who are refinancing loans taken out on behalf of a child who has obtained an associates degrees in an eligible healthcare field are not subject to the $50,000 loan maximum, refer to for more information about refinancing ParentPlus loans.


Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).

Graduates may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. Any federal loans refinanced with Lender are private loans and do not have the same repayment options that federal loan program offers such as Income Based Repayment or Income Contingent Repayment.

All loans must be in grace or repayment status and cannot be in default. Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment. Parents looking to refinance loans taken out on behalf of a child should refer to for applicable terms and conditions.

For Associates Degrees: Only associates degrees earned in one of the following are eligible for refinancing: Cardiovascular Technologist (CVT); Dental Hygiene; Diagnostic Medical Sonography; EMT/Paramedics; Nuclear Technician; Nursing; Occupational Therapy Assistant; Pharmacy Technician; Physical Therapy Assistant; Radiation Therapy; Radiologic/MRI Technologist; Respiratory Therapy; or Surgical Technologist. To refinance an Associates degree, a borrower must also either be currently enrolled and in the final term of an associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive an eligible associate degree OR have graduated from a school that is Title IV eligible with an eligible associate and have been employed, for a minimum of 12 months, in the same field of study of the associate degree earned.


The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.


The repayment of any refinanced student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.


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.

We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.

We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.

If Lender agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Lender has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.


This information is current as of November 8, 2019 and is subject to change.

6 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.

7 Important Disclosures for CommonBond.

CommonBond Disclosures

Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). 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 1.76% effective November 10, 2019.

8 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 12/019/2019 student loan refinancing rates range from 1.90% to 8.59% Variable APR with AutoPay and 3.49% to 7.75% Fixed APR with AutoPay.

1.99% – 6.89%1Undergrad
& Graduate

Visit Earnest

2.31% – 7.36%2Undergrad
& Graduate

Visit SoFi

2.06% – 6.81%3Undergrad
& Graduate

Visit Figure

2.62% – 6.12%4Undergrad
& Graduate

Visit College Ave

1.99% – 6.65%5Undergrad
& Graduate

Visit Laurel Road

1.99% – 7.06%6Undergrad
& Graduate

Visit Splash

1.85% – 6.13%7Undergrad
& Graduate

Visit CommonBond

1.90% – 8.59%8Undergrad
& Graduate

Visit Lendkey

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

Published in Student Loan Repayment, Success Stories