A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance.The resources and references in this section are intended for current Cooke Scholars and Alumni. Handbooks. The loan payoff statement includes your principal balance, any outstanding interest due, and potentially any prepayment penalty (if applicable). I am writing to you because I need to reduce my monthly private student loan payment due to a financial hardship. Here is the forprofit college student loan forgiveness list that qualify due to being closed or having lawsuits due to fraud. Let's talk about the elephant in the loan repayment room… COAP. At Ascentra Credit Union, our motto is listening, caring, doing what's right. We're a credit union that cares and is here to help you every step of the way. Student Loan. Investment.