The professorship was established in memory of Hira. She was a trailblazing professor of personal finance and consumer economics at Iowa State University for over three decades. She founded the university’s Financial Counseling Clinic, the first research and teaching lab of its kind in the nation. Hira was also an instrumental campus leader, serving as associate vice provost of extension and outreach and senior policy advisor to the ISU president. Hira’s influence extended to Washington, D.C. where she was named to President George W. Bush’s Advisory Council on Financial Literacy. Hira passed away in December 2024.