Digital Banking

JPMorgan inks acquisition of college financial planning platform Frank

September 28, 2021

JPMorgan Chase & Co. has acquired Frank, a college financial planning platform, which provides a variety of college planning tools including Easy FAFSA, Classfinder College Course Marketplace, scholarships, employment tools and more, according to a press release.

Frank serves more than 5 million students at more than 6,000 education institutions with tools such as a streamline FAFSA application process, curated scholarships and advice for students to appeal and negotiate financial aid packaging.

"We want to build lifelong relationships with our customers," Jennifer Piepszak, co-CEO of Chase, said in the release. "Frank offers a unique opportunity for deeper engagement with students. Together, we'll be able to expand our capabilities for students and their families, helping them financially prepare for college and other major moments in their future."