To the $7,635,000,000 in benefits already granted by the G.I. Bill of Rights, Congress added another $1,365,000,000. Henceforth (subject to changes in conference before final passage), veterans of World War II can:
<I Receive Government-financed schooling regardless of age, starting any time within four years after discharge. Unencumbered veterans will get $65 a month while attending school, those with dependents $90 a month.
<1 Apply for Government-sponsored loans based on the “reasonable value” of homes, farms or business property. (Because the law formerly read “reasonable normal value,” many a veteran has been turned down when he wanted a loan to buy property at today’s high prices.) <I Make such loans any time within the next ten years, take up to 25 years to pay off home loans, up to 40 years on farm loans. Interest: 4%.
<J Use his loan money to provide working capital, as well as property, for a business or farm.
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