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MyCAA Announces Changes

The Department of Defense today announced that the popular MyCAA program will reopen to new participants in October 2010, with several key changes in eligibility and dollar amounts.

Here is a summary of the changes:

  • Be available to spouses of active dutyservice members in pay grades E1-E5, W1-W2, and O1-O2
  • Offer a maximum financial benefit of $4,000with a fiscal year cap of $2,000. Waivers will be available for spousespursuing licensure or certification up to the total maximum assistanceof $4,000
  • Require military spouses to finish theirprogram of study within three years from the start date of the firstcourse
  • Be limited to associate degrees,certification and licensures

The guidance on existing accounts is unclear, and I have an email in to someone who might know. I'll keep you updated when I get a good answer.

More information can be found in the complete press release at Defense?.gov or at the MilitaryOneSourceMyCAA Homepage.Read more: MyCAA Reopening with Changes

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