While programs exist to help students manage their loan debt, one company seeks to help get them paid off with a simple concept—play trivia games. If that makes no sense to you, then you’re not alone. At first glance, Givling seems like a strange concept that’s far too good to be true. In reality, however, it’s a nifty idea that’s gaining popularity.
Givling is a trivia game that can be played on a desktop, or as a mobile app. Once you sign up, you can play free twice per day. Its goal is to pay off student loans by crowdfunding them. Players can play free on a limited basis, or pay to play more (much like buying lives on Candy Crush Saga once you’ve used your five free ones). That money goes into a queue to pay off users’ student loans, either by them being next in line, or by random drawing.
What Can You Do on Givling?
For the average user, Givling is a trivia game that’s not only fun and addicting, but also helps do good things for others.
When you sign up, you’re assigned an invite code to give to your friends; the more people who sign up with your code, the more coins you get – and the more times you can play the game for free.
Even if you don’t get anyone else to sign up, you still get two free plays per day.
When the game starts, you’re paired with two other random people to make a funding group. You all answer trivia questions until you get three wrong answers, or strikes. Each day the winning team gets a cash prize; at the time of this writing, the prize was $195.
If you find that you’re out of free plays, you can either get more friends to sign up, or you can simply buy them through PayPal. Those extra purchases are what fund the payoff queue; while you can play the game twice per day, any extra games you buy go toward paying someone’s loan off.
What Are Your Chances of Paying Off Your Loan Through Givling?
The queue itself has specific slots available; three slots are for the sequential line that goes in the order you signed up. Currently new signups are starting with a number over 200,000, so if you’re planning on getting to the front of the line that way, you’ll be waiting a long time.
Three of the other slots are for top funders, who are the people spending the most money on the game. Unless you can afford to buy a lot of coins for the trivia game at $0.80 each with fees, chances are you won’t ever be the top funder either.
That leaves the random drawings, for which there are four slots. In order to enter the drawing, you need Queue Entry Points. You get these points by interacting with ads or videos in the Givling app or on your desktop; you watch the commercial, and you get points that are then used as entry tickets to the random lottery.
Givling has been called a scam, but there are already nine people who have seen their loans paid off with Givling. Well over $600,000 has been raised, with more loans being funded each time one is paid.
The company says it doesn’t expect to solve the student loan debt crisis. If they can, however, make life a lot better for even a few more people, they say it’s all well worth it.