A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. You're saying: "I am submitting more money than what I owe; here is how I want the payment processed.A Paid in Full letter will be sent to you approximately 30-45 days after the payoff payment is applied to your loan. Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance. Learn about financial aid options at Platt College; including federal grants, loans, and scholarships. Navigate your financial journey effectively. Private student loans to suit your needs. We offer a comprehensive range of financial aid resources to expand access to higher education. Learn how to write a great financial aid appeal letter, including a few successful example appeal letters. The Los Angeles City College Financial Aid Office is dedicated to removing financial obstacles for students and their families.