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JPMorgan Chase Buys College Financial Planning Platform Frank

By Colin Kellaher

 

JPMorgan Chase & Co. on Tuesday said it has acquired college financial-planning platform Frank for an undisclosed amount.

The New York bank said Frank, which offers a streamlined federal financial-aid application process and a marketplace of discounted college-level courses for transferable credit, currently serves more than 5 million students at more than 6,000 higher-education institutions across the U.S.

JPMorgan said Frank's founder and chief executive, Charlie Javice, will continue to lead the brand. Ms. Javice will also join JPMorgan as head of student solutions on its digital products team.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

September 21, 2021 11:03 ET (15:03 GMT)

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