If you already have the maximum number of loans outstanding, depending on the reason for which you need the money, you may have one or two options. Your first and best option is to entirely pay off one of your outstanding loans. If paying off your loan is not financially feasible for you, depending on the reason for your financial need, you may be able to take a financial hardship withdrawal. The drawback to this type of withdrawal is that, unlike a loan, this is a permanent withdrawal from your account. Refer to the questions related to financial hardship withdrawals for more details about this option.