First passed in 1944, the GI Bill transformed U.S. postsecondary education and the course of the nation’s economic development in the late 20th century. Seventy-three years later, the latest revision of the law is poised to mark another turning point for the education and workforce landscape.

The Servicemen’s Readjustment Act of 1944, better known as the GI Bill, kicked off a college enrollment boom. By 1947, more than 50 percent of higher-education students were beneficiaries and, in some institutions, up to 60 percent of the entire student body were GI Bill veterans. These graduates began their careers in an uncertain postwar economy, but their education and training helped to fuel the nation’s phenomenal economic growth, what many call the “Golden Age of Capitalism.”
 

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