A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. Now I've created a template version of my worksheet that you can use!Complete your Annual Student Loan Acknowledgment to learn about your student aid options and federal student loan repayment obligations. Can't find a decent ohio payoff? Consider FormsPal's database! 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. What information is included in a student loan payoff letter? You can get out of student loan default through loan rehabilitation, loan consolidation, or repayment in full. The interest rate, and your ability to receive private student loans, can depend on your credit record.