June 24, 2005

Take Advantage of the GI Bill when Attending School or Buying a Home

Thinking about attending college or a trade school? Contemplating buying a home? Are you serving or have you served in the U.S. Armed Forces? Then, consider tapping into the benefits of the GI Bill.

June is the 61st anniversary of the GI Bill of Rights, legislation that made college education and home ownership available to millions of Americans. The GI Bill changed society, and today this act of Congress enables the Department of Veterans Affairs (VA) to leave a footprint in almost every community across the country. The bill created six decades of opportunity for the men and women who served in uniform, and continues to do so today.

More than 21 million veterans, service members and family members have received more than $72 billion in GI Bill benefits for education and training since it was established in 1944. Since the dependents program was enacted in 1956, VA has also assisted in the education of more than 710,000 dependents of veterans whose deaths or total disabilities were service-connected.

Nearly 18 million veterans have used the GI Bill’s home loan guaranty program for loans totaling approximately $850 billion. Last year, 91 percent of participants took advantage of the program’s unique no-down payment feature. For more information about the VA Home Loan Program visit or call 1-800-827-1000.

The Department of Veterans Affairs administers the GI Bill, which has undergone several major changes over the years. The current version is the Montgomery GI Bill.

The GI Bill may just provide the answer you’ve been searching for. For more information visit http://www.gibill.va.gov/ or call 1-888-GI BILL-1 (1-888-442-4551).

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