This publication reports on the activities of the Oregon State Scholarship Commission (OSSC) and the status of the programs it oversees during the two-year period from July 1, 1993 through June 30, 1995. A brief report from the executive director reviews the period's substantial reductions in state funds and rapid growth in private award programs. A financial statement for the period is provided as well as a discussion of reduction in the Scholarship Commission Budget, creation of a Community Service Volunteer program, changes in federal loan programs, and the start of 35 new private award programs. A discussion of state loans and grants reports on the status, number of participants, and funds used for the Need Grant program, the Barber and Hairdresser Grant, the Oregon Nursing Loan Program, the Oregon Rural Health Services Program, the Higher Education Community Service Voucher program, and Volunteers in Service to Oregon. Similar data are offered for two federal programs, the Paul Douglas Teacher Scholarship, and the Robert C. Byrd Honor Scholarship program. A further section lists privately funded award programs placed with the OSSC during the biennium. A final section reports on participants and funds for OSSC-Guaranteed Federal Family Education Loans (FFEL). Appendixes contain data on distribution of Need Grants, private awards, and OSSC-Guaranteed FFEL loans. (JB)