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Mentoring, by both peers and faculty, is crucial

Peer mentoring has been used as a tool to increase the retention rates of underrepresented students in a range of academic fields. "Differences in ethnic cultural values and socialization; internalization of stereotypes; ethnic isolation and perceptions of racism; and inadequate program support (Halpin, Halpin, Good)" are all factors that contribute to the difficulties underrepresented students endure in academic fields like economics.

The implementation of peer and faculty mentoring programs can alleviate issues which typically cause the attrition rates of underrepresented students to be high. Mentoring promotes greater student/faculty contact, communication and understanding, can encourage the use of university resources designed to aid students with nonacademic problems, promotes prompt interventions with academic difficulties, and creates a culturally validating atmosphere for students. Peer and faculty mentors, through personal connections and one on one understanding, allow underrepresented students to feel comfortable in an otherwise uncomfortable academic environment.