<prompt> Human: My student loans are approximately 195k at 6.49. The minimum monthly payment is about 1900 but Ive been paying 2300 to pay them down quicker. I have the opportunity to refinance to 7-year fixed at 4.875 which looks like itll save me about 60k over the course of repayment. The monthly payment would be about 2800 which is 500 more than Ive been paying and 900 more than the minimum of my current loans. Im fortunate to make enough where I can still live fairly comfortably paying 2300 monthly for student loans. I would like to retain this level of comfort after refinancing, which would require contributing less to my 401k.Im currently contributing 16 of my salary which just about maxes out my yearly contribution of 18,500. My company matches 50 of 6 contributed. If I were to change my contribution from 16 to 6 I would have about 530 extra each month which would allow me to afford this new loan while not throwing my current budget out of whack.This seems like a no-brainer to me, but is there anything I could be overlooking? I know my taxable income will be a little higher under this plan as Im contributing less to 401k but I dont think it will be that impactful.Thanks in advance for any input.  <response>: Given the massive amount of your loans, refinancing to a lower rate should be top priority. In your shoes, I would sacrifice my short term ability to max my 401k, to refinance with a loan that has a lower rate, and higher monthly payment. As you get raises, I would put that toward the 401k to keep your taxable income low. 