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 Minnesota include: (1) Over the past decade, Minnesota has shown improvement in preparing students to succeed in college. This year Minnesota receives a B+ in preparation; (2) Minnesota, over the past decade, has consistently excelled in the number of students enrolling in higher education. This year Minnesota receives an A in participation; (3) Over the past decade, Minnesota has made no notable progress in the provision of affordable higher education opportunities. Minnesota earns a C- in affordability this year; (4) In Minnesota, over the past decade, there has been a substantial improvement in the number of students earning their certificates or degrees in a timely manner. This year Minnesota receives a B+ in completion; (5) Minnesota, over the past decade, has garnered substantially greater benefits from having a more highly educated population. This year Minnesota continues to enjoy those benefits, earning an A in the category; and (6) Like most states, Minnesota 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.]