Paycheck Chronicles

New MyCAA Program Reopens


The new MyCAA program reopened yesterday.  I am sure the system is swamped (I can't find out because I'm no longer eligible.)  If you are at all interested in this fantastic program, I suggest that you apply early and pursue it now before it changes again.

From the website, details include:

October 25, 2010: The MyCAA program is open to all eligible spouses under the new program guidelines below:

  • Spouse of an active duty Army, Navy, Air Force, or Marine service member, or activated Reserve member in pay grades  E1-E5, W1-W2, or O1-O2.

  • If the spouse of National Guard and/or AGR member, the sponsor must be on federal Title 10 active duty orders as reported in DEERS.

  • Spouses of Guard/Reserve members in an Alert, Transition Assistance, or Post Deployment status are not eligible.

  • MyCAA accounts will be limited to the new $4,000 maximum benefit with a $2000 fiscal year cap. Waivers to the fiscal year cap will be available for spouses pursuing licensure or credentials with a cost that exceeds the $2,000 fiscal year cap up to the total maximum assistance of $4,000.

  • Spouses must finish their program of study within three years from the start date of the first course.

  • Funding is limited to only Associate’s degrees, credentials and licensure programs.

  • Please allow for 14 days for approval of all financial assistance documents.

I can't wait to hear if it seems easier, or smoother, than before.  The website's main page certainly looks a whole lot better! Show Full Article

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