The Servicemen’s Readjustment Act

The Servicemen's Readjustment Act of 1944 (P.L. 78-346, 58 Stat.
284m), known informally as the G.I. Bill, was a law that provided a
range of benefits for returning World War II veterans (commonly referred
to as G.I.s). Benefits included low-cost mortgages, low-interest loans
to start a business, cash payments of tuition and living expenses to
attend university, high school or vocational education, as well as one
year of unemployment compensation.
It was available to every veteran who had been on active duty during
the war years for at least one-hundred twenty days and had not been
dishonorably discharged; combat was not required.
By 1956, roughly 2.2 million veterans had used the G.I. Bill education
benefits in order to attend colleges or universities, and an additional
5.6 million used these benefits for some kind of training program.
Historians and economists judge the G.I. Bill a major political and