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Financial Aid in the News

Spending On Vets Exceeds 1947 High (USA Today)

"The federal government is spending more money on veterans than at any time in modern history, surpassing the tidal wave of spending following World War II and the demilitarizing of millions of troops," USA Today reports. "Expenditures hit $82 billion in 2007, because of the rising cost of health care, the expense of caring for an aging population of mostly Vietnam War veterans and a new crop of severely wounded troops from the wars in Iraq and Afghanistan. That exceeds the $80 billion in inflation-adjusted dollars spent in 1947 after most of the 16.1 million Americans serving in World War II left the service, according to a Congressional Research Service report submitted to Congress last month. Last month's passage of a new G.I. Bill will add $100 billion in education benefits for veterans over the next 10 years, the Congressional Budget Office says."

You can read the complete July 23, 2008 USA Today article on-line.

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