The Board of Governors made plans for deadbeat graduates who don’t payback their student loans at the Oct. 17 meeting.

Robert Yust, treasurer, said after the audit there was no reserve fund for those who had bad debts. In June, Missouri Southern set aside approximately $700,000 for this reserve.

“It is the Perkins Loan fund, that is the federal money we have received over a course of time, that we can now loan out,” Yust said.

He said there was a small reserve before the audit, but after the audit, there was no reserve left. Yust said he believed there needed to be a reserve for those debts that went unpaid.

He said the “field work for the audit is done,” and the report will be presented at the next Board meeting.

“We’ve had to rethink some things and make some entries, more or less playing catch up,” he said. “An example on that is the Perkins loan fund. There has been several things we had to play catch up on.”

University President Julio León said there should be no fears over withholdings this year, because of the economy’s state and state revenues are coming in at a faster rate than expected. He said there is some disagreement at what percentage the revenues are coming in. León said the Coordinating Board for Higher Education has requested the University to receive approximately $20.8 million from the state of Missouri.

“It seems that unless something really goes bad between now and the end of the year, there might not be any further withholdings,” León said. “The opinion would be, of course, with the revenues of the upcoming year coming in at a faster rate than what the budget was based on, we could hope for some return of those withholdings.”

The revenues are coming in at 6 percent and the budget for the state of Missouri figured the revenues to come in at 3.4 percent.

The social science department has received a grant for approximately $1 million to help teach high school history teachers how to teach history through biographies. Larry Cebula, associate professor of history, said the classes will not only be open to local teachers, but also to Southern history education instructors.

The social science department has partnered with the Carl Junction and Seneca school districts, the Southwest Center for Education Excellence, the George Washington Carver National Monument and the Harry S Truman Library.

The next meeting for the Governors is tentatively scheduled for 1 p.m., Nov. 21.