A network device may implement packet scheduling with administrator-configurable packet scheduling policies. In one implementation, the network device includes a filter component configured to assign priority levels to data units, the priority levels defining traffic classes for the data units. The network device may also include a scheduler component configured to schedule transmission of the traffic classes based on an assignment of weights to the traffic classes using at least one bandwidth allocation policy that exhibits a bandwidth allocation profile that varies based on one or more parameters of the bandwidth allocation policy that are configurable by an administrator.