On July 5 Chilean President Sebastián Piñera announced in a televised speech educational reforms that his government planned to do in order to satisfy the student demands. The plans announced revolved mainly around a project labelled "GANE" (Spanish acronym for Grand National Accord of Education, forming the Spanish word for win), which would cost 4 billion dollars. The project is to be, if implemented, financed from the Funds of Economical and Social Stabilization (Fondo de Estabilización Económica y Social or FEES) with which a fund named Fund for the Education (Fondo por la Educación) will be created from which the dividends and interest (under 300 million dollars) will be used annually to support public education.
Piñera also announced the shaping of a new legal framework for universities which will allow higher education providers to legally engage in for-profit activity and rejected the public ownership of education proposed by students as a "serious mistake and something that damages deeply the quality as well as the freedom of education".
The announcement was received with skepticism by students, some of whom criticized harshly the announcements. Camila Vallejo, one of the movement's spokespersons and the president of the University of Chile student federation said that the presidential discourse "was a great disappointment and a backward step" and emphasized that the proposal to legalize for-profit activity in education, which is currently illegal but widely practised in private institutions, goes against the Chilean state of law and that the government rejected categorically the main point presented by the secondary students which was to place public secondary and primary education under state management instead of being under municipalities.
Additionally, some opposition senators from the center-left Concertación criticized the speech, signaling that the proposal was not "in tune with the student movement" After the televised speech students of the University of Chile went out from the university to protest against the proposal blocking transit in Avenida Libertador General Bernardo O'Higgins before confrontations with special forces of the police.