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