This report summarizes the participation levels of the five postsecondary, financial assistance programs in the state of Alaska for 1987-88. The Alaska Student Loan Program (ASLP) awarded approximately 17,000 loans during the period; 53.8% of which went to students attending an institution in Alaska, while 26.7% were awarded to freshmen. The average undergraduate loan was $4,091, the average graduate loan was $5,016, and the default rate for the program was 18.6%. The Student Exchange Program of the Western Interstate Commission for Higher Education provided access to out-of-state professional education for 107 students in 12 fields of study at a cost of $1,253,095. The State Education Incentive Grant Program awarded 176 need-based grants to undergraduates, 61 percent of whom were attending Alaskan institutions. The Alaska Teacher Scholarship Loan Program renewed loans from 1986-87 to 48 students pursuing teaching degrees. However, due to cuts in funding, no new students were awarded these loans in 1987. Finally, the Paul Douglas Teacher Scholarship Program awarded merit-based scholarships averaging $4,875 to seven high school graduates. Additional information on the ASLP is appended. (AJL)