LA TROBE Bendigo students say they are cautious about a restructure that could see class sizes stretched and subjects scrapped.
The university will cut between $52 million and $62 million from its budget over the next two years to offset an expected shortfall.
A La Trobe spokesman said an announcement on the first stage of changes would be made in the coming weeks.
Bendigo Student Association president John Traynor said most students were unaware of the extent of the cuts but were hopeful it wouldn't be catastrophic.
"I think people are waiting to see what is announced," he said.
"The best option would be minimal impact. But we know whatever way it's going to have some sort of impact. If it's lecturing staff that will mean an increase in lecture sizes. If it’s a cut to services you’re losing career counsellors and other areas. There's no easy fix."
Mr Traynor said he was optimistic the Bendigo campus would continue to grow. He said a series of meetings between staff and student bodies have focused on plans to maintain a strong presence in Bendigo.
"Bendigo at least looks like it has some support," he said.
Vice Chancellor John Dewar said the university was "making some very powerful commitments" to Bendigo.
“In spite of the cuts, we can continue to build a strong presence in Bendigo," Professor Dewar said. "Our strategic plan is to become a great education centre for regional Victoria."
The National Tertiary Education Union have said the cutbacks could result in 300 to 400 job losses.
In an email to staff last month Professor Dewar said the changes would be outlined soon.
"By the end of September we expect to have a clearer picture of the major actions that will need to be taken and a detailed action plan will be prepared," the letter read.
Professor Dewar said he was still open to feedback from staff about where savings measures could be implemented.