Student unions and the higher education institutions will be poring over the detail in the new student housing strategy but at first glance it looks distinctly underwhelming.
It does not deliver on what student representatives say is needed above all else - massive public investment in student accommodation that would be owned and run by the colleges.
Far from it. It puts the creation of 32,000 additional places completely into the hands of the private sector.
It contains little in the way of checks or controls for rents students will pay. Rents can only be increased every three years but beyond that there is nothing to keep rental costs down for students.
10,000 new beds are to be created by encouraging more householders to offer student digs.
Asked had modelling been undertaken to see whether there was this additional capacity, Minister for Further and Higher Education James Lawless said "there is analysis to suggest that there is more that can be unlocked".
Minister Lawless believes his plan will enable more students to enjoy the benefits of campus life. At today's launch he stressed the importance of this holistic experience for students.
"The student housing crisis is the single greatest barrier to education. It is locking people out," said Daniel Walsh, AMLÉ Vice President for Dublin, in response.
"We know students are deferring because they cannot afford to rent or cannot find accommodation".
"Of those who get to college we know many are impoverished, working 40-hour weeks, commuting 4 hours daily, going hungry, sleeping in cars".
"Every student officer will tell you that student engagement in extracurricular activities has gone through the floor [as a result]," he said.
It is difficult to see how the plan announced today will change that.
