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 Arkansas relative to best-performing states include: (1) Arkansas has made strides in preparing young people for college, though compared with other states its performance is only fair; (2) Despite improvements, college opportunities for young and working-age adults remain poor; (3) Higher education has become less affordable for students and their families; (4) Arkansas performs fairly well in awarding certificates and degrees relative to the number of students enrolled, but few students attain a bachelor's degree in a timely manner; (5) A very small proportion of residents have a bachelor's degree, substantially weakening the state economy; and (6) Like all states, Arkansas 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 Arkansas who earn a high school diploma has increased slightly since the early 1990s; college enrollment of young adults in Arkansas 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 slightly; the share of family income, even after financial aid, needed to pay for college has increased, although Arkansas is the best-performing state in the share of income needed to pay for public two-year colleges; the number of undergraduate credentials and degrees awarded in Arkansas, relative to the number of students enrolled, has remained stable since the early 1990s; and the percentage of residents who have a bachelor's degree has increased slightly. 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 11 figures and 9 tables.) [For National Report, see ED503494. For Arkansas state summary, see ED503508.]