Understanding the G.I. Bill and How it Has Helped Our Veterans
In honor of our nation’s birthday, we thought it might be interesting to look at how the G.I. Bill has helped thousands of Americans purchase their first home. Celebrating the fourth of July, of course, is about far more than just barbecues and pool parties. It is indeed a celebration but the celebration should note that we are rejoicing in the creation of the country that today provides us so much freedom, liberty, and prosperity. We wouldn’t be where we are today if it wasn’t for the past generations that have laid down their lives on foreign shores for their country’s sake. After all, many early settlers fought for the freedom that we celebrate just as our armed forces today fight for the way of life we so cherish. The birth of America was significant because it was the beginning of a nation based on the idea of freedom and many brave men and women in the military continue to uphold that today.
Let’s take a look at the importance of the G.I. Bill and how that has helped many achieve the American Dream of owning a home.
How did Veteran’s Rights Get Started?
If you are a veteran or member of a military family, you have likely heard of this bill. It really has been around since after World War II but has its roots from the previous world war. After World War I, many veterans returned to the States to find themselves out of work. In 1924, Congress promised these veterans a bonus based on the number of days served, but it would not be paid until 1945. A lot of these veterans, however, found themselves in the middle of an economic depression later that decade and became highly frustrated that they were not only not given their bonuses but could not find work after serving the country in a brutal and violent foreign war. In 1932, 20,000 of these frustrated vets marched on Washington demanding that money. The government sent out the Army and led to a very heated confrontation between soldier and veteran. It was around this time that the idea of veterans right really took hold.
Then Comes the G.I. Bill
About a decade after, the world would yet again become embroiled in a global conflict that demanded many American men’s lives to go overseas and fight against a tyrannical government. As America’s young men went to the Pacific and European front, President Franklin D. Roosevelt prepared for their return was in advance. Congress began deliberations and throwing around ideas when Harry W. Comery proposed extending benefits to all returning service members. The bill was drafted and sent to both legislative houses where it was hotly debated and finally passed on June 22, 1944.
What Did the G.I. Bill Mean?
As a result of the G.I. Bill, an entire generation of people that had fought for the nation’s freedom found themselves able to attend college. In fact, 49 percent of all college admissions in 1947 were veterans. The government guaranteed loans for veterans if they were looking to buy a home.
After 9/11, Congress continued fighting for the G.I. Bill and expanded many of its benefits. It also insured that vets from the Vietnam War could receive benefits. In 2008, Congress passed the 9/11 Veterans Educational Assistance Act and provides greater educational benefits to those who served on or after 9/11.
We Welcome Our Vets!
The Brian Burds Home Selling Team loves our veterans. Because we are part of a military town, we know just how much these men and women sacrifice to fight for us. It’s why we do everything possible to help our vets find the home they need or help them sell their home when duty calls them elsewhere. Let us continue to remember why this nation is great nation.