On June 22, 1944 President Franklin D. Roosevelt signs the GI bill to provide financial aid to veterans returning from World War II. Upon signing the legislation, Roosevelt voiced his belief that ensuring veterans’ employability was critical to a sound postwar economy. The GI bill, named after the slang term for soldiers whose wartime goods and services were government issued, provided funding for education, home loans, unemployment insurance, job counseling and the construction of veterans’ hospital facilities. It also greatly strengthened the authority of and scope of services provided
by the Veterans Administration. Tuition for advanced education or technical training was covered up to $500 per school year, along with a monthly living allowance while the veteran was in school. GIs could also apply for guaranteed home and business loans. http://bit.ly/kr1qc2
