Three years later in 1964 it was denominated University College of Punta Arenas. In March 1981 it became the Magellan Professional Institute and finally on October 3 of the same year it acquired its actual formalization as University of Magallanes. Since then, it legitimizes and consolidates its position as the only state institution of higher education in the Magallanes region, with a strong tradition in the Chilean university system and quality accreditation from the time when universities were summoned to participate in these processes at the country level.