NSW schools facing funding 'wipe out' with Gonski 2.0

online schools calculator now live on the Department of Education website. Schools across the country today got the opportunity to find out how they will fare in the latest shake-up of education funding - with the

The Coalition is pledging an extra $18.6 billion on education over the next decade - which Labor argues is $22 billion less than what it promised.

The Government had warned 24 private schools would have their funding cut under the changes.

But after using the calculator, one NSW public high school principal said his low socio-economic status school was going to be worse off under the so-called Gonski 2.0 funding.

Steve Bresland is president of the NSW Secondary Principals' Council and principal at St Clair High School, a 750-student public school in western Sydney.

He said the Federal Government had effectively "wiped out" the funding gains they would have made under the previous model (now known as Gonski 1.0).