; and (2) by striking subsection (a) and inserting the following: (a) Appropriations for part A For fiscal year 2018 and each subsequent fiscal year, there are authorized to be appropriated, and there are appropriated, out of any funds not otherwise appropriated, $3,200,000,000. . II Teacher loan forgiveness programs 201. Teacher loan forgiveness programs and grants (a) Repayment plan for qualifying teachers (1) In general Section 455 of the Higher Education Act of 1965 ( 20 U.S.C. 1087e ) is amended by adding at the end the following: (r) Repayment plan for qualifying teachers (1) In general The Secretary shall cancel a portion, in accordance with paragraph (2), of the balance of interest and principal due on any eligible Federal Direct Loan not in default for a borrower who, in a 12-month time period— (A) has made 12 consecutive on-time monthly payments on the eligible Federal Direct Loan, in an amount equal to or greater than the amount of payments for the borrower under an income-based repayment plan under section 493C (regardless of whether some or all of those payments were made before the effective date of the Supporting the Teaching profession through Revitalizing Investments in Valuable Educators Act ); and (B) (i) is employed in a qualifying teaching position at the time of such forgiveness