; or (ii) is performing qualifying National Guard duty during a war or other military operation or national emergency; and (B) is serving in an area of hostilities in which service qualifies for special pay under section 310 of title 37, United States Code. (4) Limitation An individual who qualifies as an eligible military borrower under this subsection may receive the benefit of this subsection for not more than 60 months. 466. Repayment (a) Repayment period; commencement of repayment (1) Repayment period (A) In general In the case of a Federal ONE Loan— (i) subject to clause (ii), the repayment period shall— (I) exclude any period of authorized deferment under section 469A; and (II) begin the day after 6 months after the date the student ceases to carry at least one-half the normal full-time academic workload (as determined by the institution); and (ii) interest shall begin to accrue or be paid by the borrower on the day the loan is disbursed. (B) Consolidation and Parent Loans In the case of a Federal ONE Consolidation Loan or a Federal ONE Parent Loan, the repayment period shall— (i) exclude any period of authorized deferment; and (ii) begin— (I) on the day the loan is disbursed