June 22, 1944

Tony Fischer/flickr

History.com: “On this day in 1944, U.S. President Franklin D. Roosevelt signs the G.I. Bill, an unprecedented act of legislation designed to compensate returning members of the armed services–known as G.I.s–for their efforts in World War II.”

By giving veterans money for tuition, living expenses, books, supplies and equipment, the G.I. Bill effectively transformed higher education in America.”

“The G.I. Bill became one of the major forces that drove an economic expansion in America that lasted 30 years after World War II.”

“Over 50 years, the impact of the G.I. Bill was enormous, with 20 million veterans and dependents using the education benefits and 14 million home loans guaranteed, for a total federal investment of $67 billion.

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