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GI Bill

The GI Bill refers to a package of benefits for U.S. veterans financed by the federal government and dating back to World War II. The marquee component of the GI Bill is a generous amount of financial aid for veterans enrolled in college. This entry discusses the history of the GI Bill and researches on the effect of the GI Bill on education and earnings.

Postsecondary Benefits for Veterans: World War II to Present

World War II was a long and taxing war for participants; approximately 672,000 U.S. troops were wounded and more than 405,000 were killed in deployments that lasted up to 4 years. The U.S. Congress passed the Servicemen’s Readjustment Act of 1944, otherwise known as the GI Bill of Rights, to further compensate World ...

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