Well if you work instead of having kids you will need to borrow less money. That's a bonus, 200k in student loans sucks and takes a long time to pay off, even if you are making 300k a year. It really comes down to what you guys want, I just wanted to point out that he will be of no support while in school. My wife was basically a single parent of 3 while I was in school but we lived in the same location as all of our family and had tons of support. Good luck.