Vets and families cheer new GI Bill

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Veterans and their families are cheering the new $78 billion “Post 9/11 GI Bill of Rights” just signed into law by President Obama.

It will allow hundreds of thousands of veterans to obtain a college degree.

“We do this not just to meet our moral obligation,” Obama said. “We do it because these men and women must be prepared…to fill the jobs of tomorrow.”

The program is modeled on the GI Bill that enabled millions of veterans of World War II to attend college.

The new program extends full benefits to reservists and National Guard vets and also allows eligible vets to transfer their benefit to wives and children, Obama said.

The new plan, “replaces it with a World War II-style GI Bill that provides upfront tuition payments directly to the school, a monthly living allowance, and a book stipend of $1,000 per year,” according to the synopsis posted on the IAVA web-site.

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