"Vic Smith" wrote in message
...
On Wed, 13 Feb 2008 11:38:45 -0500, "Eisboch" wrote:




I don't know how or when the benefit package changed, but I was active
duty
from '68 to '77. Continued school after I got out with full GI benefits
and purchased my first house with a VA backed loan.

As I recall reading it, the change was something like a 100% match of
what you contribute for tuition. So you'd have to contribute $1000 to
get $2000 back.
My tuition was paid in full, no contribution from me. Besides that I
was getting a gov check for $400 a month while in school.
There was a maximum, and I hit it as I finished school.
I doubt I would have attended college without that GI Bill, because
I started late and already had kids.
Didn't use a VA backed loan for my first house as I had 20% down,
which used to be the standard. I recall hearing the VA loans
sometimes were a hassle in Chicago, because an inspection had
to find the house up to all codes, which often required the seller do
some work, making VA buyers less desirable.

--Vic

My experience with the VA backed loan program was different. The guy
showed up, asked me what the house was selling for, then asked if I thought
it was worth it. I said yes, and he signed off on it.

Eisboch