For a long time, the French education system has been characterized by strong institutional disconnection between secondary education (enseignement secondaire) and higher education (enseignement supérieur). This situation has nevertheless started to change over the last 20 years as the “need-to-adapt” argument has been widely used to push for three sets of interrelated reforms with the official aim of improving student flows to, and readiness for, higher education (HE). The first reforms relate to the end-of-upper-secondary-school baccalauréat qualification and were carried out in two waves. The second set of reforms concerns educational guidance for transition from upper secondary school to HE, including widening participation policies targeting socially disadvantaged youths. Finally, the third set has established a national digital platform, launched in 2009, to manage and regulate HE applications and admissions. These reforms with strong neoliberal leanings have nevertheless been implemented within a system that remains profoundly conservative. Changes to the baccalauréat, to educational guidance, and to the HE admissions system have made only minor alterations to the conservative system of hierarchical tracks, both at the level of the lycée (upper secondary school) and in HE, thus strongly weakening their potential effects. Moreover, the reforms themselves combine neoliberal discourse and decisions with other perspectives and approaches aiming to preserve and even reinforce this conservative structure. This discrepancy is evident in the conflicting aims ascribed both to guidance and to the new online application and admissions platform, expected, on the one hand, to raise students’ ambitions and give them greater latitude to satisfy their wishes but also, on the other hand, to help them make “rational” choices in light of both their educational abilities and trajectories and their existing HE provision and job prospects. This mixed ideological and structural landscape is also the result of a significant gap in France between policy intentions and implementation at a local level, especially in schools. Several factors are responsible for this discrepancy: the fact that in order to ward off criticism and protest, reforms are often couched in very abstract terms open to multiple interpretations; the length and complexity of the reform circuit in a centralized educational system; the lack of administrative means through which to oversee implementation; teachers’ capacity to resist reform, both individually and collectively. This half-conservative, half-liberal educational regime is likely to increase inequalities across social and ethnoracial lines for two main reasons. The first is that the potential benefits of “universal” neoliberal policies promising greater choice and opportunity for all—and even of policies directly targeting working-class and ethnic minority students, such as widening participation schemes—are frequently only reaped by students in academic tracks, with a good school record, who are mostly upper- or middle-class and White. The second is that, under the traditional conservative regime, in addition to being the victims of these students’ advantages and strategies, working-class students also continue to be channeled and chartered toward educational tracks and then jobs located at the bottom of the educational and social hierarchy.