For a subsidized Stafford loan, Consolidation loan, or any portion of a Consolidation loan that is eligible for federal interest benefits, the borrower is not responsible for paying the interest that accrues on the loan during eligible deferment periods and post-deferment grace periods. During periods of forbearance interest will continue to accrue on subsidized, unsubsidized, and consolidation loans, and the borrower will be responsible to pay it.