• No exceptions to forgive repayment of the full or partial amount of the deferred loan will be granted. Student loans can be a valuable part of paying for your education.Payments made on outstanding loans that get forgiven will be refunded. Paid off loans will not be refunded. An Offer in Compromise is the settlement of a tax liability for less than full payment. The Tax Commission will only accept an Offer in. You are apologizing for delinquency and asking for forgiveness. 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. Whatever Your Business Needs, We Have a Loan to Match.