Increasing enrollment in higher education and improving its financing and quality are goals that the governments of Latin America share. However, the policies adopted to reach these objectives vary from nation to nation. During the past decade, various scholars have explained such differences based on the ideological profile of regional governments. This chapter, however, shows that no linear relationship exists between the political orientation of Latin American governments and their policies of higher education. The argument is that differences are the result of an accumulated process of hybridization generated by governance regimes. The characteristics of such regimes are combinations of public policy instruments, the role of actors involved in the political arena, and the degree of compliance with the systemic objectives that governments establish. By analysing the diachronic evolution of higher education policies in fifteen Latin American countries, the chapter identifies three types of governance regimes: a) private integration, b) dual governance, and c) loose governance.