You may not be aware that the Servicemembers’ Readjustment Act of 1944 (otherwise known as the GI Bill® of Rights) almost didn’t pass through Congress. Resistance to the idea of paying unemployment benefits to veterans – and sending them to colleges and universities – were the stalling points. At the end of the day, it was agreed that veterans needed assistance in finding work and integrating back into civilian life. As such, the Senate and the House passed the bill and it was signed into law on June 22, 1944.
Thanks to the Servicemen’s Readjustment Act millions of veterans were able to pursue their education and take advantage of home loan guarantees. Over the years, the bill has been updated to better serve the needs of veterans, and is still touted as one of the most significant pieces of legislation passed by the federal government.
Visit: va.gov/opa/publications/archives/vanguard/06janfebvg.pdf for more information on the history of the GI Bill®.