A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. Creating a payoff letter is essential to any loan or mortgage repayment process.Our free templates and this guide can help you get started. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. Direct Loans are loans borrowed from the Department of Education. 1) Call the mortgage department and request an official principal payoff letter. Columbia Credit Union is a community financial cooperative who has served the residents and businesses of Vancouver and Portland since 1952. Learn to quickly and efficiently use Microsoft Excel 2019 as you discover dozens of shortcuts and tricks for setting up fully formatted worksheets. Scammers may also send letters through the mail.