In Chile, the total fertility rate has fallen from 2.66 births per woman in 1985 to 1.86 births per woman in 2010. We attribute this fall to changes in access to higher education, in particular, the LOCE law, which allowed the creation of 13 universities in 1990. We find that the greater access to higher education negatively affected fertility through a postponement of fertility, and no catch up 10 years later.