Givling Helps Pay Off Student Loans with Rounds of Trivia
Laura McQuarrie — March 26, 2015 — Tech
After finishing school, many young adults are left with thousands of dollars of debt that will require countless hours of work to pay off—but Givling proposes a different way to pay off student loans.
Knowing that anyone can appreciate a fun game, Givling is set up in trivia style to test players on current events and pop culture. To begin a game, players muse contribute $0.50 per round in order to initiate the questions. From there, players are randomly paired with two other players and at the end of the day, the team that has managed to collect the highest number of points is awarded a monetary prize. Once funding for Givling reaches $1 million, players can sign up for a queue to have their loans paid off as part of a payout program.
Since student debt is a problem that only continues to grow, Givling provides a clever solution to it by taking inspiration from popular games like Quiz Up and Trivia Crack.
Knowing that anyone can appreciate a fun game, Givling is set up in trivia style to test players on current events and pop culture. To begin a game, players muse contribute $0.50 per round in order to initiate the questions. From there, players are randomly paired with two other players and at the end of the day, the team that has managed to collect the highest number of points is awarded a monetary prize. Once funding for Givling reaches $1 million, players can sign up for a queue to have their loans paid off as part of a payout program.
Since student debt is a problem that only continues to grow, Givling provides a clever solution to it by taking inspiration from popular games like Quiz Up and Trivia Crack.
Trend Themes
1. Trivia-based Debt Relief - Games that mix trivia and debt relief can leverage the popularity of game apps and innovative crowdfunding models to engage participants in debt relief programs.
2. Crowdfunding for Student Debt Relief - Crowdfunding platforms can be used to provide more accessible and personalized channels to assist students with their debt burdens.
3. Gamification of Finance - Innovative gamification models can help solve complex financial problems by encouraging user participation and engagement.
Industry Implications
1. Education Technology - EdTech companies can partner with or develop game-based platforms that support student loan repayment and provide more affordable education options.
2. Crowdfunding - Crowdfunding platforms can utilize innovative fund allocation models, such as Givling’s payout program, to support communities, social causes, and commercial ventures.
3. Gaming and Entertainment - Gamification models can be incorporated into different sectors, from finance and education to health and business, to enhance user engagement and drive positive outcomes.
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