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.The first step in that process should be to fill out your FAFSA, short for Free Application for Federal Student Aid. Franklin offers a number of tuition payment options and programs, including payment plans and employer reimbursement. Find out how to get started. Plus Loans; Private Loans; Nelnet Payment Plans. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. Curious about how to get started with a personal loan? Let us help with a list of some of our most frequently asked questions!