A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. 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. 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. Private Loan Payoff Letter Template offers a clear and professional format for requesting an official statement of your loan payoff balance. We can provide you with samples of court forms that are available. We can provide you with guidance on how to fill out forms. There are many people to thank who have provided me with assistance during the course of this study.