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Founded Year

2016

Stage

Series A - II | Alive

Total Raised

$20.5M

Last Raised

$5M | 1 yr ago

About Frank

Frank is looking to make the process of applying for student loans easier. The company's technology automates much of the application process for the Free Application for Federal Student Aid form that is the gateway to getting the federal government to help pay for a college education.

Frank Headquarter Location

444 Madison Avenue 36th Floor

New York, New York, 10022,

United States

347-690-7886

Latest Frank News

Panelists discuss future of higher ed in Colorado at CU regents retreat

Jul 14, 2021

Share this: University of Colorado Regent Lesley Smith, right, introduces a panel of higher education leaders at the Board of Regents retreat at Devil’s Thumb Ranch in Tabernash on Wednesday. The panel included Colorado State University Chancellor Tony Frank, from left; University of Northern Colorado President Andy Feinstein; Fort Lewis College President Tom Stritikus; and panel facilitator and Boettcher Foundation CEO Katie Kramer. (Katie Langford/Staff Writer) July 14, 2021 at 3:30 p.m. TABERNASH — Colorado higher education leaders joined the University of Colorado Board of Regents’ retreat on Wednesday to discuss the future of higher education and how CU’s next president can play a part. Colorado State University Chancellor Tony Frank, University of Northern Colorado President Andy Feinstein and Fort Lewis College President Tom Stritikus formed a panel in the Broad Axe Barn at Devil’s Thumb Ranch in Tabernash. The CU regents’ three-day retreat focused on the search for the next president, and regents and system leaders asked Frank, Feinstein and Stritikus to weigh in on the role of CU’s president in Colorado higher education and the perception of CU across the country. Feinstein, who has worked for both elected and appointed governing boards, said working with elected regents is more complex because of differing views and conflicts of opinion that need to be addressed. “From an outside viewpoint, looking at the conflict that has occurred on this board and the way in which (former President) Mark Kennedy was engaged — that was very concerning to me,” Feinstein said. “I don’t know the intricacies of the way you worked together but it certainly gave me pause and concern.” That’s why the university presidents were there, Feinstein said, to help in any way they can and to clarify what the role of CU’s president means to other institutions and the state. Kennedy’s tenure and departure is something a search firm could address with candidates, Frank said. “You will have a chance to explain that and you should look for that in your search firm, someone who can say to candidates, ‘This isn’t what it appears to be from the outside, a political appointee role by whoever is in charge of the board, that the regents do share common values,” Frank said. CU is a prestigious institution with distinct campuses serving important missions, Frank said, and is part of if not the cornerstone of Colorado’s education system. But there’s also a perception that CU mainly serves the Front Range, as opposed to the state as a whole, and that CU Boulder is more interested in nonresident students, Frank said. Both Feinstein and Frank said they would not consider applying for a job unless the search resulted in a sole finalist. “In my current state as a sitting president, I would not apply to a role that’s a public search. I would fear for my position as a sitting president,” Feinstein said. Frank added that being named as a finalist for another job could harm the momentum at the candidate’s current institution. “As you’re trying to convince people that this is worth investing in with your time and energy, and then you’re suddenly not sure if you’re going to be here — that’s a tough message to pull off, which is why I think you see so many sole finalists nationally,” Frank said. Naming a sole finalist does add pressure to the search process, to the level of trust in the organization, to the search committee and to the Board of Regents, he said. But on the other end, naming multiple candidates can result in gamesmanship — for example, releasing the name of a sitting president who is typically hired and then the names of other finalists from very different institutions to fill in the other spots. “That’s not advancing the process of an open and transparent search,” Frank said. “That’s just a way around it.” Feinstein also added he would not want to be hired on a split vote of a governing board, which was the case with Kennedy. The Board of Regents approved Kennedy’s hiring on a 5-4 party-line vote, with Republicans voting in favor and Democrats voting against. “I’d have a very tough time saying yes to a board that was split on my leadership,” Feinstein said. CU’s next president also has the ability to be a leader of increasing collaborations among Colorado’s higher education institutions, the panelists said. Interim University of Colorado President Todd Saliman, left, addresses the CU Board of Regents and other system and campus leaders, including University of Colorado Colorado Springs Chancellor Venkat Reddy, second from left; CU Boulder Chancellor Phil DiStefano, third from left; and Regent Jack Kroll, at a Board of Regents retreat in Tabernash on Wednesday. (Katie Langford/Staff Writer) Interim CU President Todd Saliman said he recently has seen institutions collaborate more than he has in 25 years in the higher education ecosystem, but acknowledged that it is still tenuous. “There’s an expectation that we work together, but the powers that be sometimes present things in a way that it’s difficult to work together and pits us against each other,” Saliman said. The state’s funding model for higher education — institutions pitching to lawmakers why they need money — is in itself an act of “carving up the pie” rather than talking about the important role each college and university plays, Frank said. “It becomes this false choice of what matters more to you, the research done at CU Boulder or the first generation kid that came from an intercity school that might be going to (Metropolitan State University of Denver,)” Frank said. “We should reject that choice every day of the week and twice on Sundays.” CU’s next leader also needs to be able to communicate the value of higher education, panelists said. While higher education institutions are delivering on their missions, Frank said, they are failing to convince the public of that fact. “I think one of the most important things for you all as you hire this position is we all want a partner to stand up on that stage and help with that message, maybe in ways we haven’t figured out yet,” he said. 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Research containing Frank

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CB Insights Intelligence Analysts have mentioned Frank in 6 CB Insights research briefs, most recently on Jun 9, 2021.

Expert Collections containing Frank

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Frank is included in 2 Expert Collections, including Digital Lending.

D

Digital Lending

1,122 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

6,974 items

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