The Servicemen's Readjustment Act of 1944 (P.L. 78-346, 58 Stat. 284m), known informally as the GI Bill, was an omnibus law that provided college or vocational education for returning World War II Veterans (commonly referred to as GIs), as well as one year of unemployment compensation. It also provided many different types of loans for returning veterans to buy homes and start businesses. Since the original act, the term has come to include other veteran benefit programs created to assist veterans of subsequent wars as well as peacetime service.
Currently, the United States Department of Veterans Affairs (VA) provides up to 48 months of education benefits to eligible veterans, and their dependents. Programs (Chapters) under VA Education Benefits Include:
Chapter 30: Montgomery GI Bill (MGIB)
Chapter 31: Vocational Rehabilitation
Chapter 33: Post-9/11 GI Bill
Chapter 35: Survivors/Dependent Assistance (DEA)
Chapter 1606: Selective Reserve (MGIB-SR)
Chapter 1607: Reserve Educational Assistance Program (REAP)
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