Dear …

RE: Student Loan - __(Reference # & your name)__

In response to your letter dated __(date)__ regarding repayment of the above mentioned loan, please find enclosed my Financial Details as requested. I would like to take this opportunity to provide you with a brief recap of my current situation.

Currently, I am __(employed in an entry level position with Company name/able to work only part time due to –reason–/unable to work due to illness/etc.)__. My only source of income, as outlined on the enclosed document(s), comes from __(this job/name of other source)__. This income is meager at best and enables me to pay only __($amount)__ monthly towards debt reduction of my student loan at this time.

I remain hopeful that my financial situation will improve in the future, putting me in a better position to allocate more money towards my monthly payment on this loan. Until then, I am prepared to commence my monthly payments of __($amount)__ effective __(date)__. I trust that you will find all to be in order and I thank you for understanding my position in this matter. Please feel free to contact me at __(phone #/email address/etc.)__ if you have any questions.

Yours truly,