Lifelong Learning Accounts. CEDEFOP Seminar on Individual Learning Accounts January 31, 2008. Who is CAEL?. CAEL is the C ouncil for A dult and E xperiential L earning A 501(c)3 non-profit, international organization with 33+ years of experience
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CEDEFOP Seminar on Individual Learning Accounts
January 31, 2008
and Norwalk, CT
to removing barriers to adult learning
Estimates suggest that by 2014, the U.S. labor force will be short 9 million college educated workers, including 3 million Associate Degree holders.
As cited by Employment and Training Administration, Adults in Higher Education: Barriers to Success and Strategies to Improve Results (March 2007)
Tuition and fees between 1997 and 2007 increased annually
College Board. 2007. Trends in college pricing. Trends in higher education series.
Boswell, Katherine and Cynthia D. Wilson. 2004. Keeping America’s Promise: A report on the future of the community college. Education Commission of the States and the League for Innovation in the Community College.
Informal Analysis by Ford Foundation 2003
Lifelong Learning Accounts (LiLAs):
Employer-matched, portable, individual accounts to finance employee education and training
CAEL Demonstration (late 2001 – summer 2007)
Co-investment strategy works
Participants use LiLAs to advance and/or retool
LiLAs can provide a significant incentive to pursue education and training
Participants valued advising services
High level of program satisfaction
Bank of America Foundation
Chicago Community Trust
City of Fort Wayne
Olive B. Cole Foundation
Evelyn and Walter Haas, Jr. Fund
Walter and Elise Haas Fund
Friedman Family Foundation
Richard and Rhoda Goldman Fund
Grand Victoria Foundation
Indiana Department of Workforce Development
Indiana Michigan Power
Indiana Northeast Development
Levi Strauss Foundation
Lincoln Financial Group Foundation, Inc.
Lumina Foundation for Education
Noble County Community Foundation, Inc.
Northeast Indiana Workforce Investment Board (in-kind contributions)
Polk Bros. Foundation
San Francisco Foundation
Steuben County Community Foundation
The Atlantic Philanthropies
United States Department of Labor (Maine program)
Verizon FoundationNational LiLA Project Sponsors
“People should never stop learning. The LiLA program helps you financially and it won’t break the bank.”
Associate VP for Policy and Strategic Alliances