<prompt> Human: I am about to graduate grad school in May and my student loans will come out of deferment. I have loans of 8k at 6.8 and 5k at 1.6. Also I have 8k in my 401k and 11.5k in an IRA. Does it make sense to pay myself the interest into the 401k and to pay back the 8k at 6.8 in student loans in one lump sum?UPDATE: After reading all the comments it makes more sense to lessen my contribution from 15 to 10 and paying off the 6.8 loans as fast as possible.  <response>: No- the taxes penalties would negate the benefit 