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 Tennessee relative to best-performing states include: (1) Tennessee has made strides in preparing young people for college, though compared with other states its performance is only fair; (2) College opportunities for young and working-age adults are fairly low; (3) Despite some improvement over the decade, the costs of higher education remain high for families; (4) Tennessee performs well in awarding certificates and degrees relative to the number of students enrolled, but relatively few students complete a bachelor's degree in a timely manner; (5) A small proportion of residents have a bachelor's degree, weakening the state economy; and (6) Like all states, Tennessee 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 Tennessee who earn a high school diploma has increased substantially since the early 1990s; college enrollment of young adults in Tennessee 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 declined; the share of family income, after financial aid, needed to pay for college has risen at two-year colleges but has declined slightly at four-year institutions; the number of undergraduate credentials and degrees awarded in Tennessee, relative to the number of students enrolled, has increased 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 10 figures and 9 tables.) [For National Report, see ED503494. For Tennessee state summary, see ED503573.]