; (B) by striking , graduate, or professional ; and (C) by striking community service and inserting work-based learning ; (2) in subsection (b), by striking part, such sums as may be necessary for fiscal year 2009 and each of the five succeeding fiscal years. and inserting part, $1,722,858,000 for fiscal year 2019 and each of the 5 succeeding fiscal years. ; and (3) by amending subsection (c) to read as follows: (c) Work-Based learning For purposes of this part, the term work-based learning means paid interactions with industry or community professionals in real workplace settings that foster in-depth, first-hand engagement with the tasks required of a given career field, that are aligned to a student’s field of study. . 442. Allocation formula Section 442 ( 20 U.S.C. 1087–52 ) is amended to read as follows: 442. Allocation of funds (a) Reservations (1) Reservation for improved institutions (A) Amount of reservation for improved institutions For a fiscal year in which the amount appropriated under section 441(b) exceeds $700,000,000, the Secretary shall— (i) reserve the lesser of— (I) an amount equal to 20 percent of the amount by which the amount appropriated under section 441(b) exceeds $700,000,000; or (II) $150,000,000; and (ii) allocate the amount reserved under clause (i) to each improved institution in an amount— (I) that bears the same proportion to the amount reserved under clause (i) as the total amount of all Federal Pell Grant funds awarded at the improved institution for the second preceding fiscal year bears to the total amount of Federal Pell Grant funds awarded at improved institutions participating under this part for the second preceding fiscal year; and (II) is not— (aa) less than $10,000