Questions about student loans and if there are any disadvantages if I apply for the new SAVE repayment program?

Questions about student loans and if there are any disadvantages if I apply for the new SAVE repayment program? I just want to know if I am understanding the SAVE program correctly before I apply. If my minimum payment is below whatever the interest charge is, then I get that interest forgiven? I know that I have to self report my income. I (22) just graduated and I make $72,500 base annually. with a small annual bonus. I have 7 direct loans, 3 of which a...

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