The Onslow County News And Views

Changes In G.I. Bill Of Rights Proposed By Senate Group

Washington. Revision of the G.I. Bill of Rights to make it easier for veterans to go to school at government expense, or to get loans in buying homes, farms or a business was recommended by a Senate subcommittee.
It proposed:
1. Extension until 10 years after the war the time in which veterans may apply for government-guaranteed loans. Present law allows only five years after the war's official end.
2. Authorization for loans on farms or businesses to include not only the value of real estate but also supplies, capital, and inventory.
3. A 35-year period, instead of 20, for repayment of loans on farms.
4. Authorization for loans based on the "reasonable value" of the property. The present law reads "reasonable normal value" and complaints have been made that the word "normal" is being interpreted by appraisers as barring many loans on present market values.
Would Ignore Age
5. Opening of the educational program to veterans irrespective of age. The present law applies to those whose education was interrupted by reason of war service and says this is presumed to be the case for men inducted below age 25.
6. An increase from $50 to $65 in the monthly living allowance for single veterans attending an educational institution and from $75 to $90 for those with dependents.
7. Authorization for the Veterans' administration to enter into an agreement with state institutions on payments for tuition of veterans without regard to the usual tuition charges.