1. Short title This Act may be cited as the Pell for Performance Act . 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