<prompt> Human: Would it be wise to borrow against my 401k to pay off the 6.8 student loans that I have?Currently I am paying 1000 a month on my student loans. I had the great idea last night to take a loan on my 401k to pay off the 7k 6.8 int rate portion of my debt. My 401k is 60k and I want to take a 7k loan out . After paying off the high int rate loan. I would be to switch to paying the 401k loan off at 1000 a month. No loan Interest Paid: 163 Loan Interest Paid: 100 to my retirement accountPayoff date would be the same for the 2. To me it seems like I am instantly swapping a loan for a better interest rate. Doing this I wont have to touch any of my 3 month emergency fund which I have established already.I know 2 negatives associated with this. 1 If I get fired I have to pay it all back ASAP. 2 Stunting future retirement growth. Both of these are minimized in my book as the loan will be paid back in 7 months.  <response>: Seems like a lot of work to save 63. I bet if you brainstorm you could save 100 a month more easily 