After completing their service in the military, veterans often want to enter the workforce in order to stay productive and bring home extra income. If you have recently been discharged from the army and you are looking for a new career path, a career in automotive finance and insurance management can be a great option. Not only can you receive the training you need for a career in this field quickly and easily, but you may even be able to go to school for free thanks to the Post-9/11 GI Bill.
What Is the Post-9/11 GI Bill?
The Post 9/11 GI Bill is designed to provide educational benefits to individuals who served in the US military following 9/11. The bill offers funds that can be used to cover a variety of expenses, including tuition and other related fees.
How to Qualify
You may qualify for educational benefits under the Post-9/11 GI Bill if you served on active duty for at least 90 days after September 10, 2001. You must have also been honorably discharged from the army. Alternatively, it is also possible to qualify for benefits under this bill if you served for at least 30 days after September 10, 2001, and were discharged because of a service-connected disability. These benefits may be available to you, or they may be transferred to a spouse or child.
What it Covers
If you meet the qualifications to receive benefits through the Post-9/11 GI Bill, you may be able to use these benefits to pay for your tuition, housing and books. In some cases, the cost of relocation may even be covered if you have to move in order to attend school. Your monthly housing allowance will be determined based on your chosen school’s zip code. Your book stipend will be calculated based on the number of credit hours you take, with a maximum stipend of $1,000 per year. To qualify for relocation benefits, you must meet specific qualifications with regard to your current location and the location of your institution.
The amount of tuition and other fees that may be covered depends on the time you spent in the army. If you served for at least 36 consecutive months, 100 percent of your tuition will be covered. Shorter periods of service qualify for reduced payments. For example, if you spent only 90 days in the service, the Post-9/11 GI Bill will cover 40 percent of your qualifying fees.
Pursuing F&I Management at the Automotive Dealership Institute
As a veteran with access to Post-9/11 GI benefits, you have a variety of career options. However, one of the best options available is a career in F&I management. F&I managers are responsible for handling the financing and insurance needs of customers at auto dealerships. When a customer wants to purchase a vehicle, you will process all of the financing paperwork to help the customer qualify for the necessary loan. You will also be responsible for offering specific products available from the dealership, such as extended service contracts and other services.
Careers in this field are both exciting and lucrative. The auto dealership industry has been growing rapidly in recent years, and car sales are expected to increase in the future. When working as an F&I manager in this booming industry, you will typically earn a combination of salary and commission payments, allowing you to bring home a sizable income if you are successful.
Why Study at the Automotive Dealership Institute?
Working as an F&I manager requires a solid base of knowledge and a distinctive skill set. To give yourself the best chance of success in this industry, you need to get a specialized education before you apply for your first position.
Automotive Dealership Institute is the nation’s only licensed F&I school. This school has been in operation for more than three decades, training countless individuals to work as F&I managers in auto dealerships all across the United States. If you choose to study at our institution, you will receive training from experienced professionals who know what it takes to be successful in F&I. With our program, you can graduate in as little as four weeks with the background you need to enter the field and begin working immediately. Automotive Dealership Institute also offers job placement services. In fact, over 90 percent of our graduates are able to find positions in F&I management within 90 days of graduating from the program.
Automotive Dealership Institute and the Post-9/11 GI Bill
Automotive Dealership Institute is an approved school under the Post-9/11 GI Bill, which means that military veterans who meet the requirements can qualify for a free education at our institution using this bill. We even have a dedicated VA liaison who can help you access the benefits you deserve and begin your education immediately. If you are interested in learning more about enrolling in our F&I program using the benefits available under the Post-9/11 GI Bill, please contact Automotive Dealership Institute today to get started.