Facts about MyCAA (Military Spouse Career Advancement Accounts)

  1. The MyCAA program began in November 2007 as a joint initiative between the Department of Defense and the Department of Labor and was initially available to spouses of junior enlisted members
  2. In 2009 the program was extended to include all spouses. Applicants were able to use up to $6,000 to pursue education that would help them attain employment in portable professions.
  3. There were approximately 136,000 spouses have enrolled in MyCAA until late 2009.
  4. MyCAA program was closed to new spouses in February, 2010 while it assessed its original purpose to offer education that would allow for portable careers.
  5. With the new plan, spouses will be eligible if their husbands are in pay grades E1-E5, the lower five of nine enlisted grades, or if their husbands are W1-W2, O1 or O2, the lower ranks of warrant and commissioned officers.
  6. However, The programs will be limited to associate degrees, certification and licensures, and the amount has been lowered to $4,000.
  7. Offer a maximum financial benefit of $4,000 with a fiscal year cap of $2,000.  Waivers will be available for spouses pursuing licensure or certification up to the total maximum assistance of $4,000
  8. DoD will be accepting new application for MyCAA from October 25, 2010

Prepare for your MyCAA program before it is too late.  – Click here to see more about Military Spouse Career Advancement Account.