This state report card is derived from "Measuring Up 2004," the national report card for higher education. Its purpose is to provide the public and policymakers with information to assess and improve postsecondary education in each state. "Measuring Up 2004" is the third in a series of biennial report cards. The report card grades states in six overall performance categories: (1) Preparation: How adequately are students in each state being prepared for education and training beyond high school?; (2) Participation: Do state residents have sufficient opportunities to enroll in education and training beyond high school?; (3) Affordability: How affordable is higher education for students and their families?; (4) Completion: Do students make progress toward and complete their certificates and degrees in a timely manner?; (5) Benefits: What benefits does the state receive as a result of having a highly educated population?; and (6) Learning: What is known about student learning as a result of education and training beyond high school? Findings for Delaware include: (1) Despite improvement over the past decade, Delaware needs to do more to prepare students to succeed in college. Delaware receives a C+ in preparation this year; (2) Over the past decade, Delaware has lost ground in its efforts to enroll students in higher education. This year Delaware receives a C+ in participation; (3) Over the past decade, the affordability of higher education in Delaware has declined considerably. Delaware receives an F in affordability this year; (4) Over the past decade, Delaware has seen substantial improvement in the number of students earning certificates or degrees in a timely manner. This year Delaware receives an A- in completion; (5) Over the past decade, Delaware has seen a substantial increase in benefits from having a more highly educated population. Delaware receives an A- in benefits this year; and (6) Like most states, Delaware received an Incomplete in learning because there are no comparable data that would allow for meaningful state-by-state comparisons in learning. This report also includes additional information, questions and answers, state grades, and "Measuring Up 2004" resources. [For "Measuring Up 2004: The National Report Card on Higher Education," see ED508096.]