A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. Creating a payoff letter is essential to any loan or mortgage repayment process.Our free templates and this guide can help you get started. 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. Then, select the desired loan from the Loan dropdown menu. Find out how much you'll pay in Virginia state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more. Make checks payable to The Salvation Army of Greater Charlotte and write "Empty Stocking Fund" in the memo line. The Whitewater Center opened in 2006.