The cyclic residual stresses ahead of fatigue cracks are known to play an important role in the fatigue fracture response of engineering materials. The size of these residual stresses are directly affected by the stress state of the component. In this paper, we examine the effect of stress state for fully compressive and fully tensile cyclic loading of polycarbonate. The role of stress state is studied using two different specimen thicknesses, one thickness will represent a near-plane stress condition and the other will represent a near-plane strain condition. In cyclic compressive loading, it will be shown that the near-plane stress specimen with its larger zone of residual tension will exhibit enhanced crack saturation lengths. While for cyclic tensile loading, the larger zone of residual compression upon unloading will result in crack retardation for the same unloading stress intensity. A series of systematic experiments on the effects of mean stress on fatigue fracture is reported, and the results of the experiments are rationalized with the aid of scanning electron microscopy of the fracture surfaces. The results of this study have strong implications for both constant amplitude fatigue loading and variable amplitude fatigue loading as well as applicability to other engineering materials.