A new website will let Ballarat tertiary students tell the world how good, or bad, they think their universities are.

RateYourUni.com.au allows students to rank the performance of their university on a range of criteria, which includes quality of teaching and frequency of social events.

So far, about 300 students have rated their universities around the country, says the publishing company behind the site.

But only six people have given their assessment of the University of Ballarat to date, while just three have marked ACU National, including its Ballarat campus.

The University of Ballarat, which is categorised on the site as a South Australian university, got near top marks for its teaching and its career employment support from its six reviewers.

It faired less well in online learning support and the quality of its website.

ACU was good for access to teaching staff, according to its three student assessors.

But it was marked down for the quality and frequency of its social events.

Both Ballarat's universities have cautiously welcomed the website.

Australian Catholic University Ballarat campus rector Associate Professor Anne Hunt said the site was a positive tool for students to compare universities in areas they felt were important.

"However, we would like to see the overseers regularly reviewing the site and protecting the university sector from any defamatory statements," she said.

University of Ballarat student and learning support vice-president Darren Holland said the university had its own mechanisms for getting student feedback, but would still keep tabs on the site.

"It's certainly something we'd watch ... (but we'd) take it with grain of salt so to speak until there is a critical mass of students there."