Detailed Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Problem:SECTION 1. SHORT TITLE.

This Act may be cited as the ''Pell for Performance Act''.

SEC. 2. REPAYMENT FOR FAILURE TO COMPLETE PROGRAM.

Section 401 of the Higher Education Act of 1965 (20 U.S.C. 1070a)
is amended--
(1) in subsection (c), by striking ''The period'' and
inserting ''Except as provided in subsection (k), the period'';
and
(2) by adding at the end the following:
''(k) Repayment for Failure To Complete Program.--
''(1) In general.--Except as provided in paragraph (3), if
a recipient of a Federal Pell Grant fails to complete the
program for which the Federal Pell Grant was awarded within the
maximum timeframe for completion of such program, the sum of
the amounts of any Federal Pell Grants received by the
recipient for the program shall--
''(A) be treated as a Federal Direct Unsubsidized
Stafford Loan under part D; and
''(B) be subject to repayment, together with
interest thereon accruing from the date of the grant
award, in accordance with terms and conditions
specified by the Secretary.
''(2) Period for completion.--For purposes of this
subsection, the term 'maximum timeframe', used with respect to
the completion of an undergraduate program, has the meaning
given such term in paragraph (1) or (2) of section 668.34(b) of
title 34, Code of Federal Regulations (as in effect on the date
of enactment of this Act), as applicable to such program.
''(3) Exceptions.--
''(A) In general.--Paragraph (1) shall not apply
with respect to a student who fails to complete a
program within the maximum timeframe for completion of
such program--
''(i) because the student enrolls in
another program at an institution of higher
education--
''(I) not later than 12 months
after the date of the student's last
day of the previous program; and
''(II) for which the previous
program provided substantial
preparation;
''(ii) in the case of a student who has a
Federal Pell Grant that is being treated as a
loan under paragraph (1) and who meets the
requirements of subparagraph (B) of this
paragraph, with respect to a subsequent Federal
Pell Grant for which the student is eligible
and which is awarded beyond such maximum
timeframe; or
''(iii) due to undue hardship, including--
''(I) active duty military service;
''(II) the death of a relative of
the student;
''(III) the personal injury or
illness of the student; or
''(IV) other special circumstances
as determined by the institution.
''(B) Requirements.--In order to qualify for the
exception under subparagraph (A)(ii) of this paragraph,
a student shall--
''(i) have a Federal Pell Grant that is
being treated as a loan under paragraph (1) for
which the student has met the loan repayment
obligations for not less than 6 months; and
''(ii) not be an individual described in
paragraph (4)(B).
''(4) Loss of federal pell grant eligibility.--
''(A) Default.--An individual who is in default of
an obligation to repay a Federal Pell Grant that is
being treated as a loan under paragraph (1) shall be
ineligible to receive a Federal Pell Grant under this
section.
''(B) Second time dropout.--An individual who has
received a Federal Pell Grant for enrollment in a
program that is being treated as a loan under paragraph
(1), and who leaves such program for a second time
(other than for a reason described in clause (i) or
(iii) of paragraph (3)(A)), shall be ineligible to
receive a Federal Pell Grant under this section.
''(5) Notice.--The Secretary shall ensure that each
recipient of a Federal Pell Grant receives notice of the terms
of this subsection.
''(6) Record.--An institution shall keep a record that
tracks the progress (including the graduation and default rate)
of any student described in paragraph (3)(B) who receives a
Federal Pell Grant for enrollment in a program beyond the
maximum timeframe for completion of such program.''.
Solution:
Pell for Performance Act This bill amends the Higher Education Act of 1965 to modify the Federal Pell Grant program. Specifically, if a Pell Grant recipient fails to complete an education program within the maximum timeframe for completion, then the Pell Grants received for such program convert to a Federal Direct Unsubsidized Stafford Loan and are subject to repayment, in accordance with applicable terms and conditions.