Students could soon be elected to every state secondary school council and given full voting rights.
The Andrews government says it is "seriously considering" an overhaul of school councils to give students a greater say in their education.
It follows a campaign by the state's peak student body, the Victorian Student Representative Council, which has raised concerns about young people being locked out of key decisions.
Education Minister James Merlino said students had presented him with "very compelling arguments" about why there should be mandatory student representatives on school councils with full voting rights.
"We know that schools that have a strong student voice perform better," he said.
"Providing our students with a key role in decision making at their schools is important and this is something I am considering very seriously."
As well as scrutinising and signing off on payments, school councils approve annual budgets, develop and review policies, establish a school's "broad direction and view", enter into contracts and may also be involved in appointing principals.
David Trevorrow, a Victorian Student Representative Council executive student, said the proposed changes would ensure that young people's views were taken seriously.
"It allows school councils to make decisions that are relevant to the students," the Year 12 Braybrook College student said. "Students would push for what they believe in. They recognise the gravity of the decisions and do take them seriously."
While students sit alongside parents and teachers on many school councils, they rarely have voting powers.
"It's not an authentic student voice," Mr Trevorrow said.
"At our school, students are on the school council in somewhat of a tokenistic sense. They are not considered a member of the school council and while we can ask questions we are not counted in the quorums or given a vote."
Students who were involved in key decisions at their schools had better academic and wellbeing outcomes, said University of Melbourne research associate Roger Holdsworth.
"Students have perspective and knowledge that adults often don't have and this improves the nature of what schools do," he said. "It improves the decision-making by having more ideas."
He said it used to be compulsory for all state secondary schools to have two elected students on council, but this was phased out under Kennett government changes to school governance.
There could be challenges putting teenagers on school councils, according to a new report by Deakin University which recommends mandatory student representation before moving to full voting rights. Adults may not trust students to understand the intricacies of some of the more complex issues they have to vote on and it could be difficult to elect students who took the role seriously.
The report was launched by Commissioner for Children and Young People Liana Buchanan, who said young people had a right to participate in decisions that affected them.
"Genuine participation means more than giving students a voice - they also need capacity to influence. In a school context, that means students having a seat at the decision-making table in school councils," she said.
"I think we need to get much better at recognising that children and young people have expertise and can make a contribution, rather than assuming that adults know best."