; and (C) continue such reduction in interest rates through September 30, 2020. (3) For purposes of this paragraph, an eligible lender includes the holder of the loan or, if the holder acts as eligible lender trustee for the beneficial owner of the loan, the beneficial owner of the loan. (4) Nothing in this paragraph shall affect payment calculations under section 438 of the Higher Education Act of 1965 ( 20 U.S.C. 1087 ). (b) Temporary postponement of part b loan payments Notwithstanding any other provision of the Higher Education Act of 1965 ( 20 U.S.C. 1071 et seq.), the Secretary shall require eligible lenders and guaranty agencies with agreements with the Secretary under subsection (a) to suspend all payments due from borrowers through September 30, 2020. (1) Consideration of payments Notwithstanding any other provision of the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq.), the Secretary shall deem each month for which a loan payment was suspended under this subsection as if the borrower of the loan had made a qualified payment for the purpose of any loan forgiveness program and loan rehabilitation program authorized under the Higher Education Act of 1965 ( 20 U.S.C. 1071 et seq.). (2) Reporting to consumer reporting agencies During the period in which the borrower payments on a loan are suspended under this subsection, the Secretary shall ensure that, for the purpose of reporting information about the loan to a consumer reporting agency, any payment that has been suspended is treated as if it were a regularly scheduled payment made by a borrower. (c) Suspending involuntary collection Notwithstanding any other provision of the Higher Education Act of 1965 ( 20 U.S.C. 1071 et seq.), the Secretary shall require guaranty agencies with agreements with the Secretary under subsection (a) to suspend all involuntary collection related to the loan, through September 30, 2020. Such efforts shall include— (1) a wage garnishment authorized under section 488A of the Higher Education Act of 1965 ( 20 U.S.C. 1095a