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FAQs AlliedRx
FAQs AlliedRx

May 9, 2023

What Does MyCAA Cover? A Guide to the Military Spouse Career Advancement Account

Finding reliable, affordable ways to further your education can be a daunting task. But if you’re a military spouse, you may be eligible for the Military Spouse Career Advancement Account, or MyCAA, which helps spouses pay for education and training costs. Here’s what MyCAA covers and how it can help you reach your career goals.

What is MyCAA?

MyCAA is a U.S. Department of Defense program that provides financial assistance to military spouses who are looking to pursue certain types of education and training. It is designed to help military spouses gain the skills and credentials needed to start or advance their career.

Eligibility

In order to be eligible for MyCAA, you must meet a few criteria. First, you must be a spouse of an active duty service member in the Army, Navy, Air Force, or Marine Corps. Additionally, you must also be in the pay grade of E1-E5, W1-W2, or O1-O2.

What Does MyCAA Cover?

MyCAA provides up to $4,000 in financial assistance to military spouses who are interested in pursuing certain types of education and training. This includes programs like:

• Associate’s degrees

• Certifications

• Licensing

• High school diplomas

• Entrepreneurial training

MyCAA also covers the cost of certain tests and certification fees.

How to Apply

If you meet the eligibility requirements, you can apply for MyCAA by signing up for an account on the MyCAA website. After creating an account, you’ll need to fill out the application form and submit any necessary documents. You’ll also need to select the school you wish to attend and provide information about the program you plan to enroll in. Once your application is approved, you can start using your MyCAA funds to pay for your education and training costs.

Getting the Most Out of MyCAA

MyCAA can be a great resource for military spouses who are looking to further their education and training. But in order to get the most out of the program, it’s important to plan ahead. Make sure you’re clear on the eligibility requirements before you apply, and make sure you select a school and program that is covered by MyCAA. Additionally, be sure to take full advantage of the $4,000 limit and use your funds wisely.

Conclusion

The Military Spouse Career Advancement Account, or MyCAA, can be a great resource for military spouses who are looking to further their education and training. MyCAA provides up to $4,000 in financial assistance for certain types of education and training, such as associate’s degrees, certifications, licensing, high school diplomas, and entrepreneurial training. And with a few simple steps, you can apply for MyCAA and start taking advantage of this valuable program.