Student Loan Forgiveness Explained: How IBR Can Erase Your Debt

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Struggling with student loans? In this video, we break down how Income-Based Repayment (IBR) can lead to federal student loan forgiveness! Learn the eligibility criteria, repayment terms, and how to qualify for forgiveness after 20–25 years. Whether you're a new borrower or have been paying for years, this guide will help you understand your options and take control of your financial future.

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00:00Did you know you could pay $0 a month on your student loans and still qualify for forgiveness?

00:06This isn't a myth. It's a real option for many.

00:10It's called income-based repayment, or IBR.

00:13If your income is low enough, your monthly payment could be as little as $0.

00:18Even a $0 payment still counts towards your forgiveness timeline.

00:22After 20 to 25 years of qualifying payments, your remaining federal student loan balance could be completely wiped clean.

00:31This offers significant relief and a clear path out of debt.

00:36Want to see if you qualify for IBR or other forgiveness programs?

00:41Follow for more essential student loan insights and financial advice.

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