Yes I would be concerned about the debt burden!
Please listen to those who are cautioning you against your chosen path.
Maybe yours are older now so perhaps it will be easier for you.
I saw what my co-residents with young children went through, and believe me, I am very grateful that my life worked out differently!
Good luck!
This is the advice I get from many......and believe me, I understand that it is heartfelt and well-meant, I do.
But people who offer this advice are offering advice in general.....they have no idea of my particular issues and circumstances. Of course, why would they?
Over and over again it is the issues of money and children.
So, here is where I come from.......
I have crunched the numbers, with an acountant, no less, and how it works out is this...
Even if I borrow at the max level (Which I don't intend to do) and even accounting for compounded interest........ I only have to make about $72,000.00 a year until retirement to be (myself and my husband) significantly better off financially than I/we am/are now. $72,000.00 a year until retirement is more than achievable, even in the lowest paid of general practitioners, so that becomes a non-issue for me.
Then there is the issue of children. My children are just about to enter school, so yes, they are young. My children have both been in daycare full-time since they were three months old. They leave the house at 7:30 AM and they return to the house at 6:45 PM. By that time, we can have dinner together and it is time for their stories and bed. This is far from ideal, I know, but it is our reality and always has been. They are happy kids though, bright and well-adjusted, and we have a happy family.
More reality.....if I do not pursue school, and continue on my current, or some alternate path, there will never be a time before they leave home when this schedule will be significantly altered. I will never be able to work anything other than full-time and they will be in before- and after-care, when they are not in school, until they are old enough to stay home alone.
I understand that control of your time, med school and residency, is not yours. I understand that there will be many weeks, during residency, when I never see daylight.
But I have to say, I have a friend in residency at UVA, and although she has those sunless weeks.........she also has lots of weeks where she hits the wards at 6 AM and leaves the hospital by 4. Hence, she is, on average, not spending any less time than I am with her kids.....a good chunk of the year, it seems, she is spending a tiny bit more.
All of the advice I receive is intelligent and well-intended, for sure. But I am not asking for an easy path. I fully expect my path to be hell-on-wheels, at times. However, given the specifics of my life, I still think it is the best decision for me and for my family. I don't believe I will regret it. Obviously, if I did believe this.....I would not continue on this path.
Only you, as an individual, (or with a spouse, if you have one) can make this decision. Do take the time to consider, and reconsider, and consider some more....all of the "ifs" and "buts" and "please don'ts". Then make the best decision you can.
And I'll let you know, in a couple of years, if I was right or wrong with my decision....