I did indeed read your entire post and to say that you are not considering the financial impact of your decision makes you completely naive. If you take out $300k for medical school, add $75k from residency interest during deferment and here is what you get:
[FONT=ARIAL, HELVETICA]Loan Balance: .[FONT=ARIAL, HELVETICA] $375,000.00 . [FONT=ARIAL, HELVETICA]
Adjusted Loan Balance: .[FONT=ARIAL, HELVETICA] $375,000.00
. [FONT=ARIAL, HELVETICA] Loan Interest Rate: .[FONT=ARIAL, HELVETICA] 6.80%.
[FONT=ARIAL, HELVETICA]Loan Fees: .[FONT=ARIAL, HELVETICA] 0.00%. [FONT=ARIAL, HELVETICA]
Loan Term: .[FONT=ARIAL, HELVETICA] 10 years.
[FONT=ARIAL, HELVETICA] Minimum Payment: .[FONT=ARIAL, HELVETICA] $50.00
.[FONT=ARIAL, HELVETICA]
. [FONT=ARIAL, HELVETICA]Monthly Loan Payment:.[FONT=ARIAL, HELVETICA] $4,315.51
. [FONT=ARIAL, HELVETICA] Number of Payments: .[FONT=ARIAL, HELVETICA] 120. [FONT=ARIAL, HELVETICA]
. [FONT=ARIAL, HELVETICA] Cumulative Payments: .[FONT=ARIAL, HELVETICA] $517,861.61
. [FONT=ARIAL, HELVETICA] Total Interest Paid: .[FONT=ARIAL, HELVETICA] $142,861.61 .
This obviously does not consider any undergraduate loans. Furthermore, you will probably want to live in a condo/house and probably start a family sometime, have malpractice insurance, bills, mortgage, ect. I guess you are fine having over $4k per month in loan payments and most likely living pay check to pay check. I, unfortunately, do not want to live on noodles and like a resident until I'm 40; if that makes you a better person then me, so be it.
I have friends in medical school that will be over $400k from educational debt and when I speak to them about it, many of them are overwhelmed because they are realizing that the road ahead is a lot tougher then they expected. I feel sorry for them and I also feel sorry for those who are naive about their finances when it comes to educational debt.