For those retiring from the military, finding a civilian career path can be a challenge. Those who have access to the post 9-11 GI Bill can use these funds to pay for school, but they need to find a school that qualifies to accept these financial benefits. They also want to find a career path that offers them strong earning potential so that they can comfortably settle into their new life.
Those interested in establishing themselves in a new career path may find the automotive industry working in finance and insurance for car dealerships to be just the job they were looking for. There, those leaving the military can find stability and opportunity to grow in a professional sphere with great salaries.
Those interested in entering automotive F&I with the GI Bill should familiarize themselves with the education and potential of a career in automotive dealership F&I. Here is what they should know.
What is the GI Bill and Who Qualifies?
The GI Bill was created to help returning military members pursue their education and prepare themselves for a civilian career following their time in the service. The GI Bill, however, will only pay for an education at certain accredited schools.
It is also important for people to remember that not everyone who has served in the military will qualify for the post 9/11 GI Bill. To have access to these funds, you must have been on active duty for at least 90 days beginning on or after September 11, 2001. If you received a medical honorable discharge, you must have served at least 30 days beginning on or after September 11, 2001.
In certain cases, you may have received access to the GI Bill because a close family member transferred the rights to you if they chose not to use the benefits themselves. The only people that these benefits can be transferred to, however, are certain qualifying dependents. This might include a child or a spouse.
The number of benefits you receive from the GI Bill will differ, depending upon how much time you spent in active duty. With the GI Bill, you will receive assistance with the cost of your tuition and related fees, the money needed for housing while studying, some money for books and other supplies, and even relocation help if there are no good options for receiving an education locally in certain situations.
What do F&I Professionals do?
F&I professionals work in the finance department of car dealerships. They help people interested in buying a car to navigate the process of securing a loan. They earn money for their dealership by showing customers why they benefit from taking out a loan from the dealership. They also work with the sales team to promote upsells and related items that will interest these customers.
To succeed in the F&I sector, professionals must have a solid understanding of credit scores and the entire credit process. They will need to understand how to read and interpret credit scores and reports, which will help them better understand the financial position of their customers. These professionals will then begin to construct a deal that benefits both the customer and the dealership. The deal must be enough to generate profit for the dealership while still offering the customer an appealing arrangement that will help them get the car they want.
Those who are talented in the F&I field not only must work with finances and money, but they also will understand how to be engaging with customers and build a rapport to increase their ability to sell.
What Makes the Automotive Dealership Institute the Perfect Place to Study
People leaving the military service who want to use the funds provided by the GI Bill will need to make sure that the school they attend qualifies. Those interested in entering a trade school will quickly find that the Automotive Dealership Institute offers them the unique chance to use their GI Bill and enter them into one of the highest paying trade industries available.
At the Automotive Dealership Institute, you will have the chance to study at the nation’s only licensed F&I trade school. For over 30 years, we have worked to educated students who then go on to work at car dealerships across the country.
Not only do our students receive the highest level of education for their new career path, but they also receive help with the interview process and job placement across the US. This makes it easier for our graduates to secure a well-paying job as soon as they have finished their degree.
The F&I industry is high paying, and the graduates of the Automotive Dealership Institute take advantage of the full potential of the field. Graduates from our institute can earn an average income of $143,000 per year. This allows our military graduates to earn a comfortable salary following graduation.
The F&I sector offers those leaving the military life with excellent earning potential and the chance to build an exciting career. Those who want to use their GI Bill to pay for an education will find that attending classes through the Automotive Dealership Institute will offer them the chance to learn at the only accredited F&I school. Learn more about our classes and what we have to offer our recent military service members!