Benefits for Business

Lifelong Learning Accounts can help your business address a variety of workforce challenges. LiLA's can help you:

• Increase productivity;
• Promote employee retention; and
• Improve recruitment of quality workers.

This affordable benefit promotes loyalty and good will among your staff. Several Maine businesses are currently participating in the program.

To Get Started

To sponsor a Lifelong Learning Account program at your workplace, you need to do the following:

• Determine eligibility requirements for employees
• Host LiLA information sessions
• Match employee contributions (minimum of $25 per month), which are invested in a LiLA account, in the form of a NextGen® account*. In addition, income eligible Maine residents may receive an initial $200 matching grant from the Finance Authority of Maine and subsequent annual grants of up to $200.

Let the learning begin!

LiLA funds can be used to pay most higher education expenses at any accredited post-secondary education institution that is eligible to participate in student aid programs administered by the U.S. Department of Education. Funds can be used for:

• Tuition for credit or non-credit courses
• Distance learning courses
• On-line courses
• Certificate programs
• Credit for prior learning assessment
• Test-outs, such as CLEP exams
• Books and other fees
• Course related supplies and equipment required for enrollment or attendance