It enabled hundreds of thousands of men and women to get a higher education, many of whom could never have afforded it otherwise. The GI Bill played an integral role in shaping post-World War II America.
The education and training provisions existed until 1956, while the Veterans’ Administration offered insured loans until 1962. From 1944 to 1949, nearly 9 million veterans received close to $4 billion from the bill’s unemployment compensation program. It established hospitals, made low-interest mortgages available and granted stipends covering tuition and expenses for veterans attending college or trade schools. Bill was created to help veterans of World War II. Officially the Servicemen’s Readjustment Act of 1944, the G.I.