The question about the notion of "quantum state" is a pretty tricky issue. One always has to put a disclaimer on any explanation concerning this subject that this is the view of the author, and I have sometimes the impression that there are as many
interpretations of quantum mechanics as there are quantum physicists. Most practitioners are "shutup-and-calculate people", which is not the worst of the interpretations around. It just says that quantum theory is a handful of simple rules to calculate probabilities. Don't ask about any further interpretation.
I myself belong to the followers of the ensemble interpretation or minimal statistical interpretation. This is the interpretation that the state is an abstract prescription of an (often idealized) equivalence class of reprodcucible preparations of a quantum system which has only a meaning for ensembles of such well-defined prepared systems that are otherwise totally independent from each other.
A complete determination of the state of a particle admits the representation of such an ensemble in terms of a ray in an appropriate Hilbert space, which can be represented by any normalized state vektor |\psi \rangle belonging to this ray. The normalization to one fixes this state vector still only up to a phase factor, but these phase factors have no physical significance whatsoever.
The next step is to interpret the statistical properties included in this state vector. To this end one has to think about the representation of observables. These are represented by essentially self-adjoint operators, defined on a dense subspace of Hilbert space. The possible values an observable can take is given by the spectrum of this self-adjoint operator. In general there exists not a proper eigenvector to a spectral value but only "generalized" eigenvectors, belonging to the dual of the definition range of the operator. We don't go into this quite formal thing here. It's most conveniently formalized in terms of the socalled "rigged Hilbert space" (see, e.g., the textbook by Galindo and Pascual on this).
Anyway, Born's postulate then states that the probability to find a value a of an observable A, represented by the self-adjoint operator \hat{A} is given by
P_{\psi}(a)=\int \mathrm{d} \beta |\langle{a,\beta}|\psi \rangle|^2,
where |a,\beta \rangle is a complete set of orthonormalized (generalized) eigenvectors of \hat{A} for the spectral value (generalized eigenvalue) a, and \beta is one or some finite set of parameters, labeling the different states to the same generalized eigenvalue.
One can also define complete measurements, i.e., one considers several independent observables A_1,\ldots,A_n of compatible observables which have only one-dimensional common (generalized) eigenvectors |a_1,\ldots,a_n. Then the probability to measure a possible set of values (a_1,\ldots,a_n) is simply given by
P_{\psi}(a_1,\ldots,a_n)=|\langle a_1,\ldots,a_n|\psi \rangle|^2.
According to the minimal statistical interpretation this is the only meaning such a (pure) state has. Of course, the previous definition in the case of degenerate eigenstates is included in this definition, because one only has to integrate/sum over all possible values of the Observables A_2,\ldots,A_n to get the probability distribution for A_1:
P_{\psi}(a_1)=\int \mathrm{d} a_2 \cdots \mathrm{d} a_{n} P_{\psi}(a_1,a_2,\ldots,a_n).
Within quantum theory it is the most comprehensive knowledge we can have about a quantum system, i.e., when we know that the quantum system is described by such a pure state. We principally cannot know more than the statistical content encoded in the state according to the above explained Born's rule.
Whether or not quantum theory is a complete theory and whether there is a more complete deterministic theory with hidden variables is not yet clear. If this is, however, the case, this theory must be very weird (perhaps even weirder than quantum theory itself), because it would have to be a non-local theory, as seen by the empirically very well established violation of Bell's inequality, but that's another subject, also often discussed in this forum.