MyCAA Myths

By - Madison
08.06.2020 04:21 PM

Written by Erin Stalcup for World Education


If you are in the military or a military spouse you know there are a lot of resources out there that are under-utilized for active military members and their spouses. One of these resources offered is the MyCAA (My Career Advancement Account) Scholarship Program which is a workforce development program that provides up to $4,000 of financial assistance for licenses, certifications, or Associate’s degrees in an occupation or career field. We’ve gathered some popular myths or questions many people have about this program along with their answers!


 

You call this a scholarship program - does that mean I have to compete with other spouses to receive this benefit?

A: This scholarship program was created by the DoD specifically for all qualified military spouses with E-5 rank and below, W1-W2, or O1-O2 as well as National Guard and reserves in these same pay grades are eligible

 

Will this take away from my spouse's TA and Post 911/GI Bill benefits?

A: No. The MyCAA Scholarship Fund is a separate fund created by the DoD for military spouses only and will not affect service members benefits.

 

How do I know which schools are approved and included in the MyCAA Scholarship?

A: You choose from over 3000 schools already participating in the program. Can you check the link on MyCAA portal for accredited/participating schools.

 

How do I apply? Does it take a lot of time?

A: You can register for a MyCAA account and follow the steps to create an education plan. Spouses can visit the My Career Advancement Account Scholarship website and provide the required Spouse Profile Information.

 

What if the funding is not enough?

A: MyCAA offers up to $4000 of financial assistance with an annual fiscal year cap of $2,000 to assist eligible military spouses who need professional credentials to meet their career goals. Annual cap waivers are available for licensure and certificate programs if there is an upfront tuition cost that exceeds $2,000, up to the maximum education benefit of $4,000.

 

What if I don't finish my training or degree? Have to pay back?

A: You will never be required to pay any funds back, but any left over funds will be put on hold until you speak with a MyCAA education counselor.

 

If you have any other questions please visit the MyCAA website or you can contact a career coach by calling Military OneSource at 800-342-964.