The Servicemen's Readjustment Act of 1944, commonly known as the GI Bill, was a landmark piece of legislation that provided a range of benefits for returning World War II veterans (commonly referred to as GIs). (KC-8.1.II.C)
The GI Bill aimed to help veterans adjust to civilian life by providing benefits such as 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 intended to prevent a repetition of the Bonus March of 1932 and the subsequent economic downturn which had contributed to the Great Depression.