The purpose of a state report card is to provide the general public and policymakers with information to assess and improve post secondary education in each state. "Measuring Up 2008" is the fifth in a series of biennial report cards that evaluates states in six overall performance categories: (1) Preparation for post-secondary education and training; (2) Participation; (3) Affordability; (4) Completion; (5) Benefits; and (6) Learning. Respective findings for Iowa relative to best-performing states include: (1) Iowa performs fairly well in preparing its young people for college, but there are large gaps by ethnicity; (2) Iowa does well in providing college opportunities for young and working-age adults; (3) Higher education has become less affordable for students and their families; (4) Iowa performs very well in awarding certificates and degrees; (5) Only a fair proportion of residents have a bachelor's degree, weakening the state economy; and (6) Like all states, Iowa receives an "Incomplete" in Learning because there is not sufficient data to allow meaningful state-by-state comparisons. Based on previous state performance, the percentage of young adults in Iowa who earn a high school diploma has decreased slightly since the early 1990s; college enrollment of young adults in Iowa has improved substantially since the early 1990s; college enrollment of working-age adults, relative to the number of residents without a bachelor's degree, has increased, making the state a top performer in this area; the share of family income, even after financial aid, needed to pay for college has risen substantially; the number of undergraduate credentials and degrees awarded in Iowa, relative to the number of students enrolled, has decreased since the early 1990s; and the percentage of residents who have a bachelor's degree has increased. In addition to information included in the summary report, the full report includes international comparisons, state-by-state 2008 grades and key indicators, frequently-asked questions answers, and available resources. (Contains 12 figures and 9 tables.) [For National Report, see ED503494. For Iowa state summary, see ED503516.