I assume he'd be ok with Redshirting since most WRs at Iowa do.
Per a New Jersey sports website:
"He qualified and got his SAT score where it needed to be, but the Iowa coaches wanted him to attend a prep school for a semester for some academic seasoning," Hampton said. "Frank didn’t want that, though. He wants to play right away and he felt that after watching the Iowa spring game, that he could help the team out this season."
Doesn't sound like redshirting is in his plans either.
Full article here