The Ministry of Education has sponsored universities to implement the project of college-initiated elderhostel programs for elderly learning in Taiwan since 2008. The purpose of this paper is to analyze the implementation effectiveness of this project, which is composed both providers and participants perspective. From the perspective of providers, 28 college-initiated elderhostel programs are analyzed by content analysis about courses. From the perspectives of participants, there are 534 samples selected by random sampling, that have participated in college-initiated elderhostel programs. The result from our analysis shows that: (1) there are 7 types of courses provided by 28 collegeinitiated elderhostel programs; (2) elderly in general are satisfied with collegeinitiated elderhostel programs they participated; (3) elderly learners will continue to participate in such programs; and (4) elderly learners feel happier after participating in such programs. Working recommendations are proposed based on our findings for college, government and future research.