Financial Aid-Focused Fintech Frank Reportedly Expands Help for Students Take Online Courses

Frank, a U.S.-based financial aid-focused fintech, is reportedly expanding its services to help students take online classes through its new service, called Classfinder. As previously reported, Frank was founded by fintech entrepreneur Charlie Javice and provides “smart, simple financial aid.”

We are revolutionizing financial aid through technology, data, and design. We help you prepare your FAFSA and you get your maximum financial aid, guaranteed. Once aid is awarded, Frank recommends additional options – whether it’s scholarships, grants, or loans – to help you pay for school.”

Earlier this year, Frank matched about $12 billion in funding for over 400,000 students seeking higher education including scholarships, loans, grants, and more. Javice stated at the time:

“We’ve helped about 400,000 students find between $25,000 and $30,000 in aid per person – about $12 billion over four years of college,” Jovice said. “But almost half of all students, about 47%, never even complete the government’s application because it’s so complicated.”

According to TechCrunch, Frank is joining forces with various colleges to offer discounted online courses with the hopes to match its users with unfilled slots in the classes that have already set to take place. There are currently 125 schools offering classes on the platform, with a rotating cadre of more than 350. Javice further shared with the media outlet that the new service fits inside what she views as her company’s mission, namely higher-education affordability.  Here’s how the service works:

  1. Students choose from more than 7,520 course: With new courses added weekly from businesses to biology
  2. Purchase a course: Each course is eligible for college credit.
  3. Courses eligible for financial add: Pay when the student checkout and their financial aid may cover costs with their school’s approval

Frank then added:

Classfinder online courses are high-quality and faculty-led. They provide the flexibility to learn at your own pace and your own schedule. You can enroll in a course based on your preferred start date and end date based on your schedule. Courses and materials are prerecorded and are available between the course’s start and end dates.

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