Every man's decision is individual to himself, but your logic on the money seems fallacious to me. If a person goes to school and thereby contracts 150K more debt than he would have if he waited 5 years he has borrowed 150K more, but he has also made 5 years of doctor's wages vs AF wages. I would think that the differential would be well worth it.
The consideration of time with the children is, of course, different and can't be measured in figures.
First of all $150k + I assume is for tuition expenses and fees alone, not to mention all the living expenses you acquire raising a family. Its really hard to assume what every family needs per year. Every place in the country has a different locality rate. So if someone is used to a certain standard of living, it would be difficult to downgrade (Not impossible). I mean you can go on a budget and tighten up but that is easier said than done, especially for that length of time.
Second, there is automatically a second income that is not there due to her going to Medical School, this is assuming her husband is working and able to support the family. So with that said some people are not in positions for their significant others to support them, therefore putting additional strain on the process.
Thirdly, 4 yrs of Med school + 3 years minimum of residency, so can someone really live on top rommen for that long. She has kids to think about, does she want them skimming with (clothes, food, sports, etc) while she is going to med school.
Yes, doctors make a lot of money, yes she will be able to pay that debt off, but life happens. Other things pop up that you dont expect or plan for. So in my mind its not a safe bet to assume things are going to go great as you planned. It is many years and lots of money to invest, especially with kids.
*** Disclaimer*** I am by no means trying to convince her against med school, just please consider all the pieces. I did, for my family and I think it's the best. I will eventually go to Med School but when everything is solid. Of course everyone has a different situation, and different abilities therefore one persons advice may not be suited best for another. I toured UC Davis Med School back in High School and the Dean of Med School was a single mother, 5 kids and not only was she successful in going to Med School without a significant other to help but she became a dean. So it is not impossible. It's just my .02 cents. Good Luck Sister
🙂