1. Short title This Act may be cited as the Opportunities for Success Act of 2018 . 2. Extension of authorization Section 441 of the Higher Education Act of 1965 ( 20 U.S.C. 1087–51 ) is amended— (1) 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) $1,500,000,000 for fiscal year 2019; (2) $1,750,000,000 for fiscal year 2020; (3) $2,000,000,000 for fiscal year 2021; (4) $2,250,000,000 for fiscal year 2022; and (5) $2,500,000,000 for fiscal year 2023 and each succeeding fiscal year. ; (2) in subsection (c)— (A) in paragraph (3), by striking and ; (B) in paragraph (4)(C), by striking the period at the end and inserting ; and ; and (C) by adding at the end the following: (5) work-based learning designed to give students experience in any activity described in paragraph (1), (2), (3), or (4), whether or not credit is awarded. ; and (3) by adding at the end the following: (d) Work-Based learning defined For purposes of this part, the term work-based learning means sustained interactions with industry, community, or academic professionals in real workplace settings that— (1) 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; and (2) may include internships, fellowships, and apprenticeships. . 3. Allocation formula Section 442 of the Higher Education Act of 1965 ( 20 U.S.C. 1087–52 ) is amended to read as follows: (a) Reservations (1) Reservation for improved institutions (A) Amount of reservation for improved institutions Beginning with the first fiscal year that is 2 years after the date of the enactment of the Opportunities for Success Act of 2018, 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