Don't get me wrong, I've seen some TRULY horrible films ("Rollergator" and "Feeders" come to mind), so I know just how low quality can get. This isn't that severe by a long shot. However, it's definitely a pass. "Sharknado" has better acting and production quality. This is mediocre acting, a convoluted, meandering plot and action scenes that are confusing and lazy. The production didn't even bother to use squibs on the many gunshots throughout. If this was a student's first film I would still say they have a lot to learn.
About the only moderately decent factor was the music. The rest of the sound was poor.