Does it ever make sense to pull money out of 401k early?

Does it ever make sense to pull money out of 401k early? Basically the title, but here's some background as to why I'm asking the question: I have ~$60k student loan remaining at 5.25%. This ends up being about $575 a month, with pay off estimated in 2035. Currently have 2 kids, with a 3rd expected later this year, and we've been looking for ways to free up extra money month-to-month to help adjust to...

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