<prompt> Human: I know the title sounds bad, but I have a student loan rate at 6.9 with 4,000 left on it 100month payment. Im going to try to convince the wife just to pay it off outright as we have 7,500 set aside. Alternatively, I was thinking of just taking out a loan on my car at the 22.5 rate that it is at and pay off student loan. This may be a lot of work considering the loans will be gone in 3 years, but I would still like your thoughts.  <response>: This would be a secured loan since the car stands good as collateral. You should be able to get a loan against it, but for added security the bank is not likely to loan you the full value of the car cars depreciate fast, they dont want the asset to be worth less than the loan before its paid off. 