Double Consolidated PPL Switching to PAYE?

Hi everyone,

AGI: $150,000
State: California
Household size: 2
Loan Amount: $117,000
Loan Interest Rate: 7.375%

I was part of the clan that double consolidated Parent Plus Loans to get on the SAVE plan, and am currently riding out the forbearance since I do not plan to pursue PSLF.

My question is, if I switch to PAYE after the financial hardship requirement is removed, will the interest subsidy for the first three years still be in effect? If so, would it be worth it to switch to PAYE instead of staying on the SAVE forbearance to save some money on interest?

The monthly payment would be around $1k on PAYE if I did my math correctly, and interest itself would be around $720 a month.

Would the $1k I pay go straight to the principal on PAYE, and the $720 would be waived for the first three years?

Appreciate any help!