Venezuela was discovered by Christopher Columbus on his third journey to the Indies in 1498 and is the most northerly of the countries of South America. The country has gone through the experience of being a colonised country, later freed through the war of independence lead by one of our National Heroes and afterwards experienced political instability similar to many of our Latin American neighbours (Galeano, 1995). Since 1958 we have lived with the longest lasting democracy among Latin American countries. In this chapter, we discuss some important aspects of education in Venezuela such as: the important criteria of legislation, how education is administrated, the positive features of the Education Act, the problem areas or gaps in service delivery and how policies can be improved by future legislative changes. There is a brief reference to the evolution of Venezuelan education in the second section and the third section is dedicated to the last ten years in which many changes have taken place.