Facts and Figures
About G.3. Loans
The Veterans Administration
has released some facts and fig
ures about G.l. loans that throw
a revealing light on the ability
of World War 11 veterans to meet
their responsibilities in connec
tion with G.l. loans.
According to the VA. loans on
homes, on farms, and for the
purpose of starting a business,
are being repaid, in full, by vet
eran borrowers at the rate of
10,000 every month.
Here’s how the G.I. loans pro
gram has worked out, so far as
repayment in full is concerned,
since the G.I. Bill went on the
books of the nation eight years
ago:
Veterans of World War It
nave borrowed money on more
than 2,800.000 G.I. home loans.
They've repaid in full about
14 per cent of those home loans.
Repayment in full on G.I.
loans for starting or engaging
in a business show an even more
impressive repayment record, ac
cording to the VA’s report.
Since 11)44 about 195,000 G.I.
business loans have been made
by lenders to World War 11 vet
erans. Of these, about 37 per
cent have been repaid in full.
On farm loans the figures are
even more outstanding. Of the
(>4.()()() G.I. loans for farms taken
out by World War II veterans,
the rate of repayment in full is
44 per cent.
World War II veterans are re
minded by the VA that the dead
line that will terminate their
G.I. loan privilege will not ar
rive until July 25, 1957, still
nearly five years away.
Korean veterans, under their
new G.I. Bill, will have 10 years
from the end of the present
emergency, a date which stilt
remains to be established.
Several local women have re
ported that they made futile
shopping trips to Anchorage.
There is a better selection of
Christmas goods right here in
Seward, they say. Sounds good.
Standard equipment, accessories, and trim illustrated are subject to change without notice. White side-wall tires and full-disc hubcaps optional at extra cost.
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