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Military MoveAccounts joint military Myca - Funds Reinstated!

Are you an active duty military spouse who has to put their education on hold after losing your money Myca? On March 13, 2010, the Department of Defense (DoD) has made a very special announcement concerning accounts Myca military spouse - will be reinstated funding for accounts that are currently open.

This means that military spouses who have existing accounts will have access to the entire website Myca. This includes the ability to create and own financial documents approved.

This good news follows the announcement earlier DoD Myca says the program is temporarily suspended for an unspecified amount of time. Now, military spouses who have opened accounts Myca can do what they originally planned to do - to continue their studies.

Have questions about how work Myca? Here is a brief overview of the program to help you get started:

What is the program Myca?

The DoD Military Spouse Career Advancement Accounts program provides military spouses with up to $ 6,000 of financial assistance to pursue studies leading to a license, certification, credential or degree and a career notebook.

Who is eligible?

Under the changes recently announced by the DoD on March 13, you must meet the following requirements to be eligible Myca:

  • Being the spouse of a member from active service, or a spouse of an active member Guard National / Reserve who are on Title 10 orders
  • Currently already have an Account / open Myca

What Myca hedge?

  • Education Courses and training
  • Professional licenses, examinations and licensing preparation courses related
  • Certifications
  • Credentials
  • Continuing Education (CEU)
  • Degree Programs
  • Course Tests High school completion and ED
  • Courses in English as a Second Language (ESL)

Is Myca cover costs of materials and components related to the completion of my education?

The following items are not covered by Myca:

  • Computers
  • Various electronic items (laptops, iPods, etc.)
  • Application Fee
  • Association Dues
  • Student Activity Cards
  • The university entrance exam preparation courses or related
  • Health
  • Child Care
  • Freight and parking
  • Graduation Fee

I have an existing account Myca. How funds are provided to my teaching or school?

Use your existing account Myca, you'll need to create a training plan. Your training plan will include your field of interest, a job description and activity, the name of the training program or school and course information (costs, course name, course code, etc. .) you will need to provide information for at least one way.

Then your Myca financial assistance (FA) application will be submitted. Once approved, funds will be provided directly Myca program or school that you specified on a course in basic courses.

How do I select the mobile good career choice?

As a military spouse, you've probably endured your share of PCS moves. So why not use the funds Myca to train for a career notebook? And there are great options to consider. For example, you can use your funds Myca enroll in a school online (portable) and pursue a career in the healthcare field of Medical Transcription.

In fact, many medical transcriptionists work from home, and with training and experience, often begin their own transcription activity, this is a beneficial career option for busy military spouses who want to contribute to financial stability of their families but it must also juggling the responsibilities of being.

Posted on June 5, 2010.
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