; (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 ); or (II) an amount equal to 150 percent of the poverty line; or (iii) demonstrates that the sum of the qualified borrower’s monthly payments on the qualified borrower’s Federal ONE Parent Loan or Excepted Federal ONE Consolidation Loan is not less than 20 percent of the qualified borrower’s monthly gross income. (C) Eligibility To be eligible to receive a deferment under this subparagraph, a qualified borrower shall submit to the Secretary— (i) for the first period of deferment under this subparagraph, evidence showing the monthly gross income of the qualified borrower; and (ii) for a subsequent period of deferment that begins less than one year after the end of a period of deferment granted under this subparagraph— (I) evidence showing the monthly gross income of the qualified borrower; or (II) the qualified borrower’s most recently filed Federal income tax return, if such a return was filed in either of the two tax years preceding the year in which the qualified borrower requests the subsequent period of deferment. (4) Unemployment deferment (A) In general A qualified borrower shall be eligible for a deferment for periods during which the qualified borrower is seeking, and is unable to find, full-time employment. (B) Eligibility (i) In general To be eligible to receive an deferment under this subparagraph, a qualified borrower shall submit to the Secretary— (I) evidence of the qualified borrower’s eligibility for unemployment benefits; or (II) written confirmation, or an equivalent as approved by the Secretary, that— (aa) the qualified borrower has registered with a public or private employment agency, if one is available to the borrower within 50 miles of the qualified borrower’s address