Through its AlaskAdvantage[R] Programs, the Alaska Commission on Postsecondary Education promotes, supports, and provides access to postsecondary education for Alaskans and in Alaska. This publication reports on another year of success for the state's higher education assistance agency. Among the accomplishments this year to make higher education more accessible to Alaskans, the Commission provided borrowers with cost reductions in excess of $3.5 million and funded over $500,000 in grants to Alaska's neediest students. Other 2007 accomplishments are listed in this report. Also included herein is an AlaskAdvantage[R] Financial Aid 2007 Statistical Summary and summary financial information of the Alaska Student Loan Corporation. [The Alaska Commission on Postsecondary Education, financed by the Alaska Student Loan Corporation, is an enterprise agency of the State of Alaska.]