Is it wise to tap into savings to finish off student debt? Hi

I have a student debt of 4000 dollars and an equivalent amount of savings in my personal account. The savings account is earning 4% interest and I can put half of the amount i.e 2000 dollars in a CD to earn 8% interest.

The interest on my loan is 10.75%. Once I finish off the debt I plan to fill up my savings back to the current level which should take me about 4-5 months.

PS. All currency has converted into USD from INR and interest rates given here are for India