International education in Australia has sulked in the gloom for the past two years. Now, last month’s Knight review of the student visa program has put the light, energy and motion back into the sector. While not all providers are pleased with the outcome, the review’s thoughtful and sweeping recommendations have buoyed universities. Giddy headlines and commentators have acclaimed the government’s endorsement of the review: ‘Knight saves the universities, the universities love Knight!’ Rather than risk a nasty hangover, it’s time to put the champagne on ice. Knight is not a blank cheque. It is not an open-ended invitation for universities to go sprinting after any old student seeking entry to higher education programs in order to benefit from the streamlined visa processing arrangements. The review does not mean that we’ll see a massive shift of load from the private vocational sector to the universities.