Dr. Fraas taught statistics at Ashland University in the Schools of Business, Economics, and Education for nearly four decades. While at Ashland University, he was awarded numerous teaching awards including the first Teaching Excellence Award given by the Association of Collegiate Business Schools and Programs. In 2009 Fraas was designated the Board of Trustees’ distinguished professor emeritus by the Ashland University.

He has published over thirty-five journal articles dealing with applied statistics in the fields of business management, economics, and education. He authored a text entitled Basic Concepts in Educational Research and its corresponding workbook. In 2012 he co-authored Designing General Linear Models to Test Research Hypotheses.

A 1970 graduate of Ashland College, Fraas earned his master of arts degree in economics from the University of Toledo in 1972 and a Ph.D. from the University of Akron in 1978. His major fields of study were economic education and educational statistics.

After joining the Ashland University faculty in 1972 as instructor of economics, Fraas was promoted to assistant professor of economics in 1974, associate professor of economics in 1978, and full professor of economics in 1981. He also served in various administrative positions including Director of Economic Education In-Service Programs, Director of Research for The Gill Center for Business and Economic Education, Chairman of the Economics Department, and Dean of the School of Arts and Humanities.

One of the most popular faculty members on campus, Fraas has received numerous awards. In 1986, Fraas was named the University's first Trustees' Professor. He was also the first recipient of the Dr. Raymond Bixler Award, which is given to an alumnus who has achieved distinction in the field of education. In 2001, he was the first recipient of The Association of Collegiate Business Schools and Programs (ACBSP) International Teaching Excellence Award. His students selected him as the Ellis Award recipient eight times and an AU Mentor Award four times.

Fraas was an active member of the faculty. He served as chair of the Faculty Welfare Committee for the better part of two decades. During his tenure as chair, faculty compensation was significantly enhanced through a program he proposed and designed. He also served numerous years as of the Professional Responsibility Committee and the Budget Committee.