Signed into law in June 1944, the Servicemen’s Readjustment Act, better known as the GI Bill of Rights, offered education and home-loan benefits to Second World War veterans. The program helped to triple college graduates from 1939 to 1950 and kept returning soldiers and sailors out of the labor force longer, allowing the economy slowly to absorb job-seeking veterans. Similar programs were implemented for Korean War and Vietnam War veterans as well as reservists. Since 1944, more than 20 million veterans and dependents have participated in education programs and 14 million home loans have been guaranteed.