What information is included in a student loan payoff letter? Commonly, student loan payoff letters include: 10-day payoff amount — Some servicers may choose a 15- or 30-day payoff amount instead.

Payoff Statement Fees So what exactly is a payoff amount? It’s the exact sum of money needed to pay off your loan, and it’s probably different from your current loan balance, as it may include ...

That demand letter will give the bottom line number that is needed to pay off the loan in full by a certain date. Every day that the payoff is delayed means you’d owe a higher amount to the lender.