Figures made public via the government’s School Funding Estimator website, show Bendigo’s five public secondary schools will be hundreds of thousands of dollars better off in 2018, rising to millions by 2027.

Crusoe College principal Brad Madden cautiously welcomed the funding, saying the $99,000 in extra funding coming the school’s way next year would allow the college to employ an new full-time staff member.

“To have 99,000 more dollars next year on top of the staffing we have this year that would basically mean we could bring in another person who could play a role to support different cohorts,” he said.

“Whether that be to challenge capable students, whether it be to support students who need a bit more, whether it be to connect students with the community more, we would certainly use that role to create more opportunities for the kids.”

But while Mr Madden said he was confident the school would see some level of funding increase in 2018, whether it would receive the full figure was in the hands of the state government.

“When the federal allocations are made it hasn’t always been that it flows directly to schools as they’ve anticipated because there are other decisions that are made along the way,” he said.

“That money is provided to the states and then it’s provided to the education departments and there can be different ways it’s allocated so I guess that’s sort of passing the buck a little bit to say that we’ll give it to your government but they may not give it to you.

“If we know that is coming then we would be thinking about how we could best use the person but I wouldn’t be making a decision until September when we actually get the figures.”

Victoria Education Minister James Merlino said the extra funding still amounted to a net loss when compared to the original Gonski plan, introduced by the former federal Labor government in 2013.

"The fact is that this leaves a $630 million shortfall for Victorian schools against the original agreement,” he said.

"This is more than just a number. It has direct impact and hurts the kids that need it the most and can least afford it. We funded our share of the agreement for 2018 in our recent budget because it was the right thing to do. It is really that simple."

The Andrews government this week released an analysis showing 1535 Victorian schools would receive less funding in 2018 and 2019 under the Turnbull government's plans compared with the original Gonski deal.

Bendigo schools’ bottom lines are set to benefit to the tune of hundreds of thousands of dollars a year under the federal government’s “Gonski 2.0” funding model, according to figures released via its School Funding Estimator website.

Non-government schools, which are primarily funded from Commonwealth coffers, are the big winners, with Catholic College Bendigo and Girton Grammar School each expected to receive a boost of more than $4000 per student during the next 10 years.

The city’s five public secondary schools won’t gain as much, with the majority of their funding coming from the state government.

Bendigo Senior Secondary College will be $1893 better off per student by 2027, while Weeroona College Bendigo and Eaglehawk Secondary College will each receive a more than $2000 increase in federal funding per student in that time.

Bendigo South East College and Crusoe College will get boosts of $1694 and $1964 per student respectively by 2027.