The G.I. Bill of Rights provided for college or vocational education for returning World War II veterans (commonly referred to as GIs ) as well as one year of unemployment compensation. It also provided many different types of loans for returning veterans to buy homes and start businesses.

The Bill of Rights attracted praise as one of the most significant pieces of social legislation of the twentieth century for its redeeming effects on both the national economy and its beneficiaries. Academics and politicians credit the benefits offered by the bill with forestalling a widely feared post-World War II economic depression, expanding the home-owning middle class, and forever changing the nature of higher education in the United States.

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From wikipedia G.I. Bill of Rights