You are a student who has: • borrowed money to enroll at more than one college. • borrowed money at one college but transferred to another college.A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. A Paid in Full letter will be sent to you approximately 30-45 days after the payoff payment is applied to your loan. Dear "First_Name" "Last_Name": This is a personalized summary of your estimated current student loan indebtedness. Edit, sign, and share payoff statement example online. No need to install software, just go to DocHub, and sign up instantly and for free. Check out our loan payoff statement template selection for the very best in unique or custom, handmade pieces from our templates shops. Forms are available for you to report completion of scholarship requirements and to request: All forms are in pdf format and require a pdf reader. In certain cases, you can have your federal student loan forgiven, canceled, or discharged.