This report card, third in a series of biennial report cards on higher education, consists of a national report card and 50 state report cards. Measuring Up 2004 evaluates state performance in six categories, and for the first time, compares each state's current results with its own performance a decade ago. Contents include: (1) Foreword (James B. Hunt, Jr. and Garrey Carruthers); (2) Message from Governor Mark R. Warner; (3) A Ten-Year Perspective: Higher Education Stalled Despite High School Improvement (Patrick M. Callan); (4) A National Overview: Improvement Over the Past Decade; (5) Grading Learning: Extending the Concept; (6) Questions and Answers about "Measuring Up 2004"; (7) How We Grade States and How We Measure Improvement; (8) The National Picture: 2004 Snapshot; (9) State Grades 2004; and (10) "Measuring Up 2004" Resources. (Contains 4 footnotes.) [Additional funding for the publication and dissemination of "Measuring Up 2004" was provided by the William R. Kenan, Jr. Charitable Trust. For "Measuring Up 2002: The State-By-State Report Card for Higher Education," see ED468796.]