Despite increasing conversations around diversity and inclusion, academia still struggles with financial and structural barriers that disproportionately affect underrepresented minorities (URM). Disparities in hiring, retention, and resource allocation, compounded by rigid tenure systems, hinder the development of a truly equitable academic environment. This ongoing issue disproportionately affects Blacks, Hispanics, American Indians, Alaska Natives, Native Hawaiians, women, and those from low socio-economic backgrounds—often referred to as the “Missing Millions.” These groups face unique challenges, such as higher educational debt, greater family obligations, limited intergenerational wealth, and, more recently, disproportionate impacts from the COVID-19 pandemic. Together, these factors create significant barriers to hiring, retention, and success in academia, particularly in STEM fields.

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