Many people find that finding a source of employment after leaving the military can greatly enrich their lives. Not only does a job provide you with more income, but it also gives you a sense of purpose and accomplishment. However, if you did not go to college or trade school before spending time in the military, your employment options may be more limited. Fortunately, the Post 9/11 GI Bill may provide you with an opportunity to go back to school and get the training you need to enter a new industry.
About the Post 9/11 GI Bill
The Post 9/11 GI Bill is a benefit available to certain former members of the military who want to further their education a. The purpose of this bill is to provide money that can be used to support higher education. The benefits may be available to qualifying service members, their spouses or their children.
Not every person who has served in the military will be eligible to receive benefits under this bill. In general, the educational benefits available under the Post 9/11 GI Bill are reserved for those individuals who have been on active duty for at least 90 days at some point on or after September 11, 2001. Service members may also qualify for these benefits if they served for at least 30 days before receiving a medical honorable discharge. Qualifying service members who cannot use their own benefits may be able to transfer them to a spouse or child.
The benefits available under the Post 9/11 GI Bill may include coverage for your tuition and fees, a book stipend and a monthly housing allowance. In some cases, the cost of relocation for school may be covered as well. The exact amount of benefits you can receive depends on how long you spent on active duty. However, you may be able to receive as much as 100 percent of your tuition and associated fees, up to 100 percent of your housing costs, up to $1,000 per year for books and educational supplies and the entire cost of relocation if you cannot find a suitable educational institution near your current home.
Using Your Post 9/11 GI Bill Benefits for F&I Training
After you learn that you can qualify for educational benefits under the Post 9/11 GI Bill, the next thing you need to do is decide how you will use these benefits. A variety of different career paths and training options are available, from bachelor’s degrees to on-the-job apprentice programs. However, one of the easiest and most lucrative options is F&I training. F&I training can benefit almost anyone, but people who have a disciplined military background are particularly well-suited for a career in this industry.
What Is F&I Training?
F&I training prepares you to work as an F&I manager in an automotive dealership’s finance and insurance department. For most dealerships, the department is responsible for bringing in a significant portion of the overall profits. Managers in this department work directly with customers, helping them to secure the financing they need to purchase the vehicle they have chosen. F&I managers also offer extra products to customers, such as GAP protection, alarm systems, extended service contracts and more. After securing financing for the customer and finalizing the details of any extra purchases the customer made, the F&I manager will prepare all of the paperwork to close the sale.
During F&I training, you will learn everything you need to know to be successful as a F&I manager at an automotive dealership. You will study automotive dealership transactions in detail so you can understand all of the intricacies of the sales and leasing process. You will also spend time studying auto financing in depth so you can be prepared to help consumers secure a loan. You will learn about the lending process, credit bureaus, consumers’ rights under federal law and more. In addition, F&I training will teach you the skills you need to sell the extra products the automotive dealership offers to consumers.
Choosing a School
At this time, Automotive Dealership Institute (ADI) is the only licensed and independent Finance and Insurance Manager School in the United States. This institution has been in operation for more than three decades, and offers job placement assistance to our students in all 50 states. Thus, if you are hoping to enroll in a program that will prepare you for a career as an F&I manager, you need to apply for the program at ADI.
Our program offers many benefits to students. When you choose the F&I program at ADI, you will be able to graduate in only four weeks. More than 90 percent of our graduates are able to find jobs in the industry within 90 days of graduation, and many of them are now earning six-figure salaries. In fact, the average income reported by the National Automobile Dealership Association for F&I managers is over $140,000.
Using Your Post 9/11 GI Bill Benefits to Enroll at ADI
If you think you may qualify for educational benefits under the Post 911 GI Bill and you want to use these benefits to pursue a career in F&I at ADI, follow the steps below.
1. Learn about the program.
Before you apply for enrollment in ADI’s F&I program, take the time to learn how the program works and how much it will cost so you know what to expect. Most of the information you need is available on ADI’s website. You can also contact ADI for additional information.
2. Learn about the Post 9/11 GI Bill.
Review the requirements for the Post 9/11 GI Bill to find out whether you qualify and how much you can expect to receive from the government to put toward your schooling.
3. Apply for Post 9/11 GI benefits.
Next, you need to apply to receive educational benefits under the Post 9/11 GI bill. You can apply for benefits by sending in all of the required information online. If you want help completing your application, you can also visit a local VA office to apply. In addition, you can get a paper copy of the application to fill out at home by requesting one from the U.S. Department of Veterans Affairs.
4. Apply for the program at ADI.
Once you know you have access to the educational benefits you need from the Post 9/11 GI Bill, you need to apply for a spot in the program at ADI. To begin this process, simply call ADI or complete the online contact form. Our team will send you the information you need to take the next step, and you will be well on your way to a career in F&I management.
ADI caters to former members of the military who want to use the Post 9/11 GI Bill to qualify for educational benefits. If you feel overwhelmed by the process or you simply want help getting the benefits you need and enrolling in our program, our VA liaison is happy to help you complete all of the necessary paperwork and get things moving in the right direction. Please contact ADI today to learn more about our program or to get started.