Private Student Loan Payments template. You're saying: "I am submitting more money than what I owe; here is how I want the payment processed.A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. 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. The Federal Direct Loan program allows students to borrow money directly from the federal government at a low interest rate. Research the loan forgiveness programs and determine if you qualify for one. The resources and references in this section are intended for current Cooke Scholars and Alumni. Handbooks. A budget is a roadmap to plan your finances and keep track of where your money goes. Budgeting is a helpful tool whether you're working hard to make ends meet.