Participation levels for 1984-1985 for two student financial aid programs provided by the State of Alaska and one regional student exchange program are reported. Brief descriptions of these programs are included: the Alaska Student Loan Program, the Western Interstate Commission for Higher Education (WICHE) Student Exchange Program, and the State Educational Incentive Grant Program. In addition to data on participation rates for the programs, information is included on: loan award amounts, undergraduate and graduate loans, foreign study, loan repayment and default, and WICHE program exchange fields. Statistical tables cover: mean loan amounts per recipient by in-state/out-of-state student level, 1981-1985; 10 top states of attendance for Alaskans with undergraduate loans, 1979-1985; in-state and out-of-state attendance by student level, 1982-1985; distribution of borrowers by foreign country by attendance, 1984-1985; distribution of students receiving state educational incentives grants, 1978-1985; yearly summary of undergraduate and graduate student loans; distribution of Alaska State loans for students attending in Alaska, 1984-1985; institutions at which 50 Alaska student loan borrowers attended, 1984-1985; and percent of undergraduate and graduate loans used in Alaska. (SW)