; or (B) a national emergency related to the coronavirus declared by the President under the National Emergencies Act ( 50 U.S.C. 1601 et seq.). (b) National emergency student loan repayment assistance (1) Authority Upon the declaration of a national emergency, the Secretary shall for each borrower of a loan made, insured, or guaranteed under part B, D, or E, pay the total amount due for such month on the loan, based on the payment plan selected by the borrower or the borrower’s loan status. (2) No capitalization of interest With respect to any loan during a national emergency period, interest due on loans made, insured, or guaranteed under part B, D, or E during such period shall not be capitalized at any time during or after the national emergency. (3) Applicability of payments Any payment made by the Secretary under this section shall be considered by the Secretary, or by a lender with respect to a loan made, insured, or guaranteed under part B— (A) as a qualifying payment under the public service loan forgiveness program under section 455(m), if the borrower would otherwise qualify under such section; (B) in the case of a borrower enrolled in an income-driven repayment plan, as a qualifying payment for the purpose of calculating eligibility for loan forgiveness for the borrower in accordance with section 493C(b)(7) or section 455(d)(1)(D), as the case may be