Evening star., 1947-11-30
Guide for
Veterans
By Maj. Thomos M. Mol

WneQ you IIllnk dpouI poAAo"AA6
money under the CT Bill of Rights
you may think you have to apply to
the Government for your money.
You don't.
What you do is 60 to your own
home town bank, trust company,
building and loan association or
other accredited lending institution
and ask for your loan.
If the lending institution thinks
you are a good risk" that your
prospective income and your intel
ligence and your reputation add up
to solid citizen" you may get your
loan. Then the Government steps
in with a security-adding guaran-
tee of up to $4,000 Gf your loan is
for the purchase Of a business), or
81. 900 (if for a home or a farm.
The guarantee, which cannot ex-
ceed so per cent of the total loan,
simply means that If you fail to
make good on your loan and can't
meet your payments, the Govern
ment will assume the obligation OF
paying to the lender that portion
of the loan which the Government
has guaranteed.
However, If it should happen that,
the Government does have to pay
the lender the amount of the guar
afatee, then you owe the Govern
ment.
P. M. F. Of Scranton, Pa, asks
about CT bill loans: Can veteran
borrow. money under the GI bill
to start business and also to build
home, each of the loans to take
place at different times?"
If a veteran takes his full $4,000
guarantee on home loan he can't
get any guarantee on a business
loan.
If he takes less than the full
81, 900 guarantee, he may use upsthe
remaining percentage on a business
loan-but it will be q percentage
of $4,000, not $4,000.
For example: If he takes a $4,000
guarantee on a home loan, he has Is
per cent left. He can apply this
to a business loan guarantee, but
the guarantee will be only $500, or
Is per cent of $4,000.
Question from r. F. B., Taylor,
Pa: IF veteran serving his pro-
bational appointment in civil serv-
ice (before actually getting his per-
manent appointmen0, Is competing
for retention with a non-veteran
permanent appointee who has great
er seniority, who keeps the job?
The Civil Service Commission says
the veteran-provided that the non
veteran does not have better ell
cheney rating than the vet.
From j. M. G., Chickamauga, Ga:
els it still possible for a private
flyer to pick up a surplus plane OF
the trainer type?"
According to the War Assets Ad-
ministration, it is. Go to Bush
Field, Augusta, Ga, and look over
the surplus N2S5s there, selling Tor
$225 to $700 each.
From A. F.P., Villa Platte, La: Il
was honorably discharged from the
Army on November 4, 1910, after
nine years of service. Am I eligible
for the CT Bill of Rights?"
Yes. Apply for what you want
to the nearest VA office.
From A. p. w., Seattle: my son
would like to convert his $4,000
NSLI policy into two separate poll
cies of 5000 each, so that II hard
times should come he could drop
one and keep the other. Is that
possible?
Yes.
From F. R., Lawrence, Mass: Say
a veteran who is drawing so per
cent disability compensation, and
who has three dependents, is sent
to a VA hospital for treatment. HOW
much of his compensation does ne
get while in the hospital?
All of it.
Mai. Mai and his staff are
equipped to ans,Der any question
from q World War II Deteran.
Send your questions to him tn
care of this newspaper and in
close a selt-addressed, stamped
envelope.
AUTOMOBILES WANTED tcent.l.
BUCKS, Chevrolets Fords, Pontiacs or