1. Short title This Act may be cited as the Early Pell Promise Act . 2. Early Federal Pell Grant commitment program Subpart 1 of part A of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070a et seq.) is amended by adding at the end the following: 401B. Early Federal Pell Grant commitment program (a) Program authority The Secretary is authorized to carry out an Early Federal Pell Grant Commitment Program (referred to in this section as the Program ) under which the Secretary shall— (1) award grants to State educational agencies to pay the administrative expenses incurred in participating in the Program; and (2) make a commitment to award Federal Pell Grants to eligible students in accordance with this section. (b) Program requirements The Program shall meet the following requirements: (1) Eligible students (A) In general A student shall be eligible to receive a commitment from the Secretary to receive a Federal Pell Grant early in the student's academic career if the student— (i) is in 8th grade; and (ii) is eligible for a free or reduced price lunch under the Richard B. Russell National School Lunch Act ( 42 U.S.C. 1751 et seq.). (2) Federal Pell Grant commitment (A) In general Except as provided in subparagraph (B), each eligible student who participates in the Program shall receive a commitment from the Secretary to receive a Federal Pell Grant during the first 2 academic years that the student is in attendance at an institution of higher education as an undergraduate student, if the student— (i) applies for Federal financial aid (via the FAFSA) during the student's senior year of secondary school and during the succeeding academic year; and (ii) enrolls at such institution of higher education— (I) not later than 3 years after such student receives a secondary school diploma or its recognized equivalent