Foreign Language Education Partnership Program Act - Amends the Elementary and Secondary Education Act of 1965 to replace the program providing incentive payments to public elementary schools for foreign language instruction with a partnership program in foreign languages that provides matching grants to partnerships composed of state or local educational agencies and institutions of higher education.

Requires such partnerships to establish, improve, or expand model programs of foreign language learning from kindergarten through grade 12 that increase the number of high school graduates who attain advanced proficiency in at least one foreign language.

Requires each model program to have a dimension allowing the student to gain an understanding of the historic, geographic, cultural, economic, and other contextual factors of countries whose people speak the language studied. Conditions a partnership's continued funding for two additional five-year periods, after an initial four-year funding period, on its demonstrating its program's effectiveness based on nationally recognized standardized foreign language assessments.

Directs the Secretary of Education to collect and analyze data on such programs annually and disseminate aggregated program data nationally, as well as information on successful programs and practices.