You know you need more training, maybe even a degree. You may be trying to keep up with new trends, looking to advance your career, or seeking more job security – and you know education is the key. But who can afford it? Tuition is going up, and these days, your salary may be going down. That doesn’t have to stop you anymore. You CAN afford it.
LiLAs are a new way to pay for education. It’s an account that’s like a 401(k), but for education. You put money in and your employer matches it - and if legislation pending in Congress passes – you may receive tax benefits too. You can use the money to pay for any kind of education or training that helps you advance your career. For every dollar you put in, you get matching dollars to spend on your future.
You may work for a small employer that can’t afford tuition reimbursement. Talk to your employer about offering a LiLA instead. You and your employer share the cost, and you get the training you need.