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GI Bill benefits have improved a lot over the years. E-liquids Benefits even offer monthly BAH payments to eligible students. This article looks at practical steps you can take to ensure you do not waste your GI Bill benefits.Expiration Date of GI Bill Benefits President Franklin D. Roosevelt signed the Serviceman´s Readjustment Act, which is more commonly known as the GI Bill, during World War II. Following the end of World War II, an estimated two million veterans took advantage of the GI Bill education benefits. Since 1944, the GI Bill has expanded to include several educational benefits, which are administered by the Department of Veterans Affairs (VA).