One way to pay off your student loans as quickly and responsibly as possible is to be aware of your payoff amount for each loan. A payoff statement identifies how much you’ll owe, including interest and fees, if you decide to repay your loans in full today. 

You may need a payoff quote if you’re interested in paying off your loans in the near future. You may also need one if you’re planning on refinancing your student loan debt. 

A student loan payoff statement may be referred to as a payoff quote, a payoff amount, or a prepayment in full. This statement provides an estimate of how much it would cost to pay off your student loan in full. 

Payoff statements are available through student loan servicers and will include your current balance, including the principal and the interest you’ve accrued since your last payment. If you have multiple loans through the same servicer, you can get payoff statements for each one or for all of them collectively. 

You can request a payoff statement at any time if you simply want to know how much it’d cost to completely pay off your loans right now. You might also need this information if you’re trying to refinance your loans through a new lender. 

While you don’t need to have a payoff statement, it’s not a bad idea to obtain one to better understand how future interest accrual will increase your overall costs. This could help guide your financial decisions, such as deciding whether it’s a good idea to refinance or pay off certain loans in full.

Remember that you can request a payoff statement from your servicer at any time, but you don’t need to act on it until you believe the time is right. 

If you decide to refinance, you can easily compare prequalified rates from multiple lenders using Credible. 

The student loan consolidation companies in the table below are Credible’s approved partner lenders. Because they compete for your business through Credible, you can request rates from all of them by filling out a single form. Then, you can compare your available options side-by-side. Requesting rates is free, doesn’t affect your credit score, and your personal information is not shared with our partner lenders unless you see an option you like.

Related: Learn more about refinancing your student loans on Credible.com

To get a student loan payoff statement, you’ll need to contact your lender. If you have multiple loans through multiple lenders, such as one federal loan and one private loan, you’ll need to contact each of them separately by phone or online by logging into your account. 

When you get your payoff statement, it’s a good idea to keep a copy of it for yourself to refer to if needed. Keep in mind, as your interest accrues each month, the letter may not be accurate after a few weeks. 

Also, it’s important to note that some lenders may have limited self-service online for you to view or access this information. This is temporarily due to the coronavirus student loan pause and planned federal student loan forgiveness programs.

1. You can request a payoff quote through your servicer’s website or by calling them. 
2. To determine who your student loan servicer is, you can access your Account Dashboard on StudentAid.gov and look under the My Loan Servicers section.
3. You can also call (800) 433-3243 to identify your loan servicer.

1. You can call (877) 216-0876 to request a payoff quote.
2. You can also email help@ascentfunding.com to request a quote.

1. You can call (800) 988-6333 to request a payoff quote.
2. You can also email advantageloans@kheslc.com to request a payoff statement.

1. Because Brazos student loans are serviced by a variety of lenders, you’ll first need to identify which lender services your loans.
2. You can check your most recent statement to verify your servicer.
3. To request a payoff quote, contact your lender:

1. You can request a payoff statement by calling (888) 411-0266.

1. You can request a payoff statement by calling (844) 803-0736.

1. You can call (800) STUDENT (788-3368) to request a 30-day payoff statement.

1. You can call (855) 887-5430 to request a payoff quote from EdvestinU.
2. Borrowers can also log into their account on the Granite State Management & Resources website to view their balance.

1. You can call or text (844) 601-3534 to request a payoff quote.
2. You can also email answers@ELFI.com to request a quote.

1. You can request a payoff quote by calling (317) 715-9015 to request a payoff quote.
2. You can also email customersupport@investedindiana.org to request a quote.

1. You can visit the Firstmark Services website to log into your account, click Payments, then click Payoff Quote.
2. You can also call (844) 318-0166 to request a payoff statement.

1. You can call (609) 584-4480 to request a 30-day payoff statement. 

1. You can request a payoff quote by calling (877) 526-6332. 

1. You can call (866) 264-9762 to request a payoff quote.

1. You can log into your account at sofi.mohela.com to request a payoff quote.
2. You can also call (888) 866-4352 to request a payoff quote.

1. Cornerstone Education Loan services were transferred to FedLoan in 2020. FedLoan then transferred these loans to MOHELA. You can call MOHELA at (888) 866-4352. 
2. You can also log into your MOHELA account and click Payoff Calculator under the Payment Assistance tab.

1. You can request payoff information by calling (800) 243-7552.

1. Call ECMC’s Customer Service department at (888) 221-3262 to request a payoff quote. 

1. You can log into your account through ZuntaFi, previously known as RSLFC, to view your balance.
2. You can also call ZuntaFi at (800) 592-1270.
3. You may also email service@zuntafi.com to request a payoff quote.

1. You can log into your account to view information about your student loan balance.
2. Call Lendkey at (800) 915-6912 9am to 8pm EST M-F to request a payoff.
3. You can also call (888) 966-9268 during nonbusiness hours.
4. You may also email servicing@lendkey.com. 

1. Call THECB to request a payoff statement at (800) 242-3062 or (512) 427-6340.

1. Log into your MOHELA account on the MOHELA website and click Payoff Calculator.
2. Choose your payoff method and date on the loans you need a statement for, then click Calculate.
3. You can also call (888) 866-4352 to request a payoff statement.

1. Visit either the Commonbond website or the Firstmark Services website (the servicer for Commonbond student loans).
2. Log into your account, click Payments, then click Payoff Quote.
3. You can also call (844) 318-0166 to request a payoff statement.

A student loan payoff letter typically includes all outstanding debts related to your loan. The overall amount is broken down into your total principal balance and the interest you’ve accrued since your last payment. 

It will also include other fees related to the loan, such as outstanding late fees, if applicable.

Requesting a student loan payoff statement is as easy as calling or emailing your servicer or requesting the payoff quote from your student loan account through the lender’s website. In some cases, your lender may be able to tell you the payoff amount over the phone or generate the amount instantly on the website.

Even if you have to wait for an emailed response, it shouldn’t take more than a few business days for you to receive the updated payoff quote. 

Remember that each lender validates a payoff quote for a certain length of time; one lender may extend a quote valid for a few days, while another might extend one that expires the day after your next payment is due. 

Related: Learn more about refinancing your student loans on Credible.com