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There is limited evidence to assess the relevance of addressing parental expectations from public policies. We examine parental expectations of Chilean students, their variations over time, and in relation to several traits. Using census data, ten cohorts of students are followed for a period of four to eight years each, between 2nd grade and 10th grade (N = 6,809,336 total registers). Results show that parental expectations historically increased throughout the life of Chilean students. However, in recent years this trend has been reversed. We argue that the dynamics and effects relating to parental expectations in Chile provide robust evidence for policies aiming to foster parental involvement, and especially to support novel approaches to overcome the rising impacts of COVID-19.