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.A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details. Return both forms to the Wayne State University Office of Student Financial Aid. You may use the Direct Loan Change Request Form or the Parent PLUS Loan Change Request Form to request a change to a federal loan only if you are the borrower. 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.