Translate A Student Loan Statement

Your annual student loan statement lands with a plan type, a write-off date, and a balance that never seems to move, and none of it is explained. This translates the statement into plain English so you know what you're actually looking at. Good for graduates checking their first few statements.

Translate the student loan statement pasted below into plain English, explaining terms like "plan type", "write-off date", and "interest accrual" in brackets next to each mention. Do not predict future balances or give repayment advice, only explain what the statement is showing. Keep it under 200 words. Statement text: {LOAN_STATEMENT}