"Debt freedom" means being in a state where you no longer owe any money to someone or any institution. It refers to being completely free from any financial obligations or loans. Full definition
If your debt consumes a high portion of your earnings and you still have other expenses to handle, chances are that your debt will accumulate and prevent you from achieving debt freedom. (badcreditloanservices.com)
Depending on your loan balance, it can take several years to pay off your balance and reach debt freedom. (thecollegeinvestor.com)