Welcome Home G.I. Bill Act of 2005

[AI summary unavailable — showing source text] Welcome Home G.I. Bill Act of 2005 - Increases and extends the duration of basic educational assistance for individuals who serve at least six consecutive months (with exceptions from the six consecutive months requirement due to medical, hardship, or involuntary separation ) on active duty outside the United States as part of a combat or contingency operation (including a humanitarian or peacekeeping operation) beginning on September 11, 2001, and ending five years after enactment of this Act. Permits assistance use for student loan repayment. Provides for refund of educational contributions made under the Montgomery G.I. Bill program. Increases and extends the duration of educational assistance for reserve component members called or ordered to active service in response to a war or national emergency who perform active duty service for 180 consecutive days before the five-year period beginning on the date of enactment of this Act. Permits assistance use for student loan repayment. Provides $5,000 for a residential purchase downpayment for a veteran who: (1) performs active duty service outside the United States as part of a combat or contingency operation (including a humanitari…