Students at one Victorian school will become the envy of all teenagers, as they wave goodbye to the ATAR from next year.

Under a proposed new model, students at Templestowe College will be given the option of applying for any course at Swinburne University without an ATAR.

Entry into the university's courses - which will include the full gamut of undergraduate degrees - will be based on new measures of student ability: grit, leadership and strong inter-personal skills.

"The ATAR is simply a ranking tool, people imbue too much status in that," said Andrew Smith, vice president of engagement at Swinburne University, who is calling on other schools and universities to take part in the pilot.