VA Loan Updates

Recruiting: Then versus now

Recruiting then: When he was an Army recruiter (1969-73) David Hack said enlistees joined for terms of three or four years (vs. the draft’s two years).

Starting pay was $125 per month.

The G.I. Bill provided post-service tuition assistance.

Hack said education in career specialties was the Army’s forte.

Recruiting now: Recruits join for terms of two to six years.

Basic pay is $1,427 a month. Bonuses (potentially upwards of $40,000) can increase that considerably. These include extra monthly pay for serving in special duty areas (up to $375), flight pay (up to $275) and foreign language proficiency (up to $500).

Bonuses of up to $15,000 a year are offered for high-demand specialties in artillery, satellite communications, bomb disposal, motor transport and more. For airborne, add $4,000. For a specialized civilian skill, tack on $5,000. And if you speak a Middle-Eastern language, figure an extra $10,000.

The Montgomery G.I. Bill and Army College Fund provide over $71,000 for college. Plus the Army has its own 401(k)-type retirement program in the Thrift Savings Plan.

Today, Hack says there are career-training programs representing more than 200 jobs.

Found here.

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