Universities would be hit with $1.2 billion in funding cuts under the Turnbull government's higher education changes, with new data showing some institutions are set to lose up to $57 million over the next four years.

The figures, compiled by peak body Universities Australia, provide the first breakdown of how each university in the country would be affected over the budget forward estimates if the government's proposals pass the Senate.

The University of Melbourne is the top-ranked Australian university with an overall rank of 32, followed by the Australian National University at 48. Credit:Louie Douvis

NSW universities would lose $341 million in base funding between 2018 and 2021 while Victorian universities would lose $294 million.

The cuts would hit universities already in deficit and those with large numbers of disadvantaged students as well as the elite sandstone universities in Sydney and Melbourne.