Universities would get a 10 per cent boost in funding for every student under an Australian Greens election commitment, which they say will help reverse government cuts to the sector.
Under the policy announced by Greens Leader Christine Milne on Tuesday, universities would get an extra $1.474 billion beginning in 2014.
The funding hike would be phased in over the four years to 2017, with a 2.5 per cent a year increase in base funding for every student.
In May's budget Labor slashed $2.3 billion from the tertiary sector to help fund its school funding reforms - cuts Senator Milne said were a "major blunder".
"You can't pretend you want a clever country, you can't pretend you care about the future of our nation if you're going to cut funding to universities," she told reporters in Canberra.
"It's clear that if we're going to make the transition from a dig-it-up, cut-it-down and ship-it-away economy, to the resilient, diverse, innovative economy of the future then we need to give everybody the chance of a high quality education."