Once selected, you will find your "Online" and "By U.S. Mail" payoff amounts, as shown in the example below. Connect with your local branch manager to start moving your business forward.A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish. Edit, sign, and share payoff letter online. No need to install software, just go to DocHub, and sign up instantly and for free. The SAVE Plan (Saving on a Valuable Education) lets qualifying borrowers lower their monthly student loan payments and reduce the time for loan forgiveness.