I don't see how going to med school helps the situation...I had zero undergrad debt, and will be at about $170,000+ in the whole when May 2009 rolls around - and I only pay in-state tuition. Private school tuition will usually run you closer to $250k. If you have so much undergrad debt that you need to earn 6 figures to pay it off, it doesn't make sense to add another 150-250k to the total.
On top of that, residency only pays about 44-46k a year in the beginning with small raises in subsequent years (becoming a physician has a real rags-to-riches feel to it sometimes). You're also working 80 hours a week. At my school, with their salary package, that works out to $11.09/hr before taxes.
On a side note, I have an ex-girlfriend who is a third year med student at a different school (Creighton) and her parents are paying her medical tuition for her...I really wish I hadn't screwed that one up.
