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Octofoil Notes

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NEED A LOAN?

Ps-s-s-t, hey buddy, need a loan? Chances are you just might when you ETS and the Veterans Administration is willing to help you out. You can get a direct loan from the VA if you are going to purchase a home or farmhouse. There is a list of other expenditures for which you can get a VA loan guaranty. Under this program, the VA will promise to pay a certain percentage of loans made to veterans should they default in repayment. This means you have the government "vouching for" your credit, possibly resulting in a more favorable interest rate to you with little or no down payment. See your local VA representative for further details.

CHECK IT OUT

A checking account with one the banking facilities in Vietnam is one of the best ways to keep your personal finances in order-and you get paid for it. All checking accounts pay interest on accounts that maintain a balance of $100 or more for an entire quarter. There is no service charge made against individual checking accounts and if you wish to begin banking your pay all you need to do is get an application form from your unit personnel officer or from the bank. The addresses of the banks in-country are:

Manager
The Chase Manhattan Bank
Military Banking Facility
Box 20
APO 96243

Manager
Bank of America
Military Banking Facility
Box 30
APO 96243

Manager
American Express
Vung Tau
Military Banking Facility
APO 96291

COURTS-MARTIAL MANUAL

A new Manual of Courts-Martial went into effect January 1, designed to reflect the changes in military law since the manual was first issued in 1951. Most of the changes are of a technical nature involving amendments to the Uniform Code of Military Justice, decisions of the Court of Military Appeals and decisions of the Supreme Court which have general application in the fields of criminal law. Changes in policy have also been made to improve the operation of military justice.

GOING HOME

Once you are in Oakland or Ft. Dix and ready to head home, you can save half your fare IF you just follow these steps:
Be in uniform and on active duty (or be within seven days of separation or discharge) when purchasing tickets and traveling.
Be traveling at your own expense (even if you are reimbursed later, or have already received a travel allowance).
Be traveling on an official military leave or an authorized pass.
Submit DD Form 1580. This form, available from your unit or personnel officer, is accepted by the airlines as proof that your are, in fact, a serviceman traveling on an authorized pass.

NEED A BREAK?

Want your choice of jobs in a location of your choice? That's what the Defense Department is offering with its Vietnam Veterans Employment Referral Program (VEVERP). Now you can make one job application and receive civilian employment considerations at locations of your choice throughout the U.S. You can register at any Department of Defense Civilian Personnel Office. Your name is then passed on to the Defense Electronics Supply Center in Dayton, Ohio. Bi-weekly, your skills and employment desires will be automatically referred to the Department of Defense and other Federal activities in the area you desire. If a suitable vacancy exists, you will be notified directly.

EDUCATION BENEFITS

If you have your mind set on going back to college when you return stateside, the government is willing to pay you just to go to school. Under the "GI Bills" of 1966 and 1967, if you have been in the Army for 181 days of continuous duty or released from the Army with a service-connected disability since January 31, 1955, you will receive one month of assistance for every month of service up to 36 months. You must attend an approved institution and will be paid on a monthly basis. The benefits can be used anytime within 8 years after your discharge. Payment are:

Type of Program Number of dependents
. None One Two Additional
Full time    

$130

$155

$175

$10 

3/4 time    

95

115

135

   7 

Half time    

60

75

85

   5 

Less than half time or while on active duty Tuition and fees, up to the monthly maximum for full time study, paid monthly.

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