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US government loans

Approved programs

U.S. students are welcome to apply to any Holland College program (excluding those that require Canadian citizenship: Police Science (Cadet), Correctional Officer and Conservation Enforcement). However, only the following programs listed below are approved by the U.S. Department of Education for the processing of the Title IV William D. Ford Federal Direct Loans program. You can click on the program name below to connect to the program webpage.

Holland College federal aid approved Program CIP (Classification and Instructional Programs) Title CIP Code
Aircraft Turbine Technician Program Aircraft Power plant Technology/Technician 47.0608
Automotive Technology Automobile/Automotive Mechanics Technology/Technician 47.0604
Business Administration Business Administration, Management and Operations, Other 52.0299
Commercial Diving Diver, Professional and Instructor 49.0304
Construction Technology and Management Building Construction Technology 46.0415
Culinary Arts Culinary Arts/Chef Training 12.0503
Energy Systems Engineering Technology Energy Management and Systems Technology/Technician 15.0503
Graphic Design Graphic Design 50.0409
Heritage Retrofit Carpentry Carpentry/Carpenter 46.0201
International Hospitality Management Hospitality Administration/Management, General 52.0901
Journalism Journalism 09.0401
Marketing and Advertising Management Marketing/Marketing Management, General 52.1401
Music Performance Music Performance, General 50.0903
Pastry Arts Culinary Arts/Chef Training 12.0503
Sport and Leisure Management Sport and Fitness Administration/Management 31.0504
Tourism and Travel Management Tourism and Travel Services Management 52.0903
Video Game Art and Animation Animation, Interactive Technology, Video Graphics and Special Effects 10.0304
Welding Fabrication Welding Technology/Welder 48.0508

Types of Loans

There are three types of loans available for U.S. students attending Holland College:
Direct Loan – undergraduate subsidized
Direct Loan – undergraduate unsubsidized
Parent PLUS Loan – dependent undergraduate
Note: U.S. Pell Grants are not available for student attending foreign schools.
For complete details about these loans, please visit http://www.direct.ed.gov/ and/or https://studentaid.ed.gov/types/loans/subsidized-unsubsidized.

Initial Eligibility

You must meet the following eligibility requirements to apply for the Direct Loan program:

  • Be a U.S. citizen or U.S. National (or have a Green Card)
  • Acceptance in a full-time federal aid approved program
  • For male U.S. applicants, you must be registered with the Selective Service (https://www.sss.gov/default.htm)
  • Have a valid Social Security Number

For more information on determining your eligibility, please visit https://studentaid.ed.gov/eligibility.

Loan Amounts and Limits

For all students, the U.S. Direct Loan program has annual as well as lifetime loan limits that vary according to a student’s:

  • Grade level
  • Status (dependent or independent)
  • Loan type: Subsidized (need-based) or Unsubsidized and PLUS (non-need based)
  • Cost of attendance

The following table provides a breakdown of annual and aggregate loan limits.

Year Dependent Students (except students whose parents are unable to obtain PLUS Loans) Independent Students (and dependent undergraduate students whose parents are unable to obtain PLUS Loans)
First-Year Undergraduate Annual Loan Limit $5,500—No more than $3,500 of this amount may be in subsidized loans. $9,500—No more than $3,500 of this amount may be in subsidized loans.
Second-Year Undergraduate Annual Loan Limit $6,500—No more than $4,500 of this amount may be in subsidized loans. $10,500—No more than $4,500 of this amount may be in subsidized loans.
Third-Year and Beyond Undergraduate Annual Loan Limit $7,500—No more than $5,500 of this amount may be in subsidized loans. $12,500—No more than $5,500 of this amount may be in subsidized loans.
Graduate or Professional Students Annual Loan Limit Not Applicable (all graduate and professional students are considered independent) $20,500 (unsubsidized only)
Subsidized and Unsubsidized Aggregate Loan Limit $31,000—No more than $23,000 of this amount may be in subsidized loans. $57,500 for undergraduates—No more than $23,000 of this amount may be in subsidized loans.
$138,500 for graduate or professional students—No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.

How to apply

Applying for a Direct Loan

  1. Complete a Free Application for Federal Student Aid (FAFSA) for the applicable academic year. Holland College’s federal school code is G34203
  2. E-sign a Master Promissory Note

The Holland College U.S. Federal Aid Administrator will be in contact with you.

Applying for a Parent PLUS loan

  1. Parent to complete a Free Application for Federal Student Aid (FAFSA) for the applicable academic year. Holland College’s federal school code is G34203
  2. Complete a loan application to authorize a credit check and E-sign a Master Promissory Note

The Holland College U.S. Federal Aid Administrator will be in contact with you.

Receiving Direct Loan

Once the loan has been processed, a letter confirming your loan amount(s) will be e-mailed to the address provided on your application. You must sign the letter in approval of the approved funds.

Your loans will be disbursed in two equal installments as follows:

Fall Term: disbursed early September

Winter Term: disbursed early January

All student tuition and fees owing will be paid first from the proceeds of the disbursements and any remaining funds, if any, will be disbursed to you. For PLUS loans, the parent will be required to give permission to Holland College on how the funds should be disbursed after tuition and fees are paid.

For students beginning in the Winter Term, the first disbursement will be in January and the second disbursement will be in September.

Deferring your existing US government loan

Holland College International Office reports student registration via the National Student Loan Data Service (NSLDS). Loan repayment for previous and current loans is deferred for full time students. Students can verify the status of their US government loan(s) at NLSDS.

140 Weymouth Street  •  Charlottetown, PE  •  Canada  •  C1A 4Z1  •  info@hollandcollege.com  •  1-800-446-5265