; (2) a period during which the borrower or the endorser was granted a deferment under this subsection but for which the Secretary determines the borrower or the endorser should not have qualified; (3) a period necessary for the Secretary to determine the borrower’s eligibility for the cancellation of the obligation of the borrower to repay the loan under section 437; (4) a period during which the Secretary has authorized deferment due to a national military mobilization or other local or national emergency; or (5) a period not to exceed 60 days, during which interest shall accrue but not be capitalized, if the Secretary reasonably determines that a suspension of collection activity is warranted to enable the Secretary to process supporting documentation relating to a borrower’s request— (A) for a deferment under this subsection; (B) for a change in repayment plan under section 466(c); or (C) to consolidate loans under section 468. (k) Deferments for parent or excepted consolidation loans (1) In general A qualified borrower shall be eligible for deferments under paragraphs (3) through (5). (2) Qualified borrower defined In this subsection, the term qualified borrower means— (A) a borrower of a Federal ONE Parent Loan or an Excepted Federal ONE Consolidation Loan; or (B) in the case of such a loan for which an endorser is required, the endorser of such loan. (3) Economic hardship deferment (A) In general A qualified borrower shall be eligible for a deferment during periods, not to exceed 3 years in total, during which the qualified borrower experiences an economic hardship described in subparagraph (B). (B) Economic hardship An economic hardship described in this clause is a period during which the qualified borrower— (i) is receiving payment under a means-tested benefit program; (ii) is employed full-time and the monthly gross income of the qualified borrower does not exceed the greater of— (I) the minimum wage rate described in section 6 of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 206 )