MBA in IT management.

Academic Year ( £6000 for 150 credits)
Started : Sep 2010
Till: Sep 2011
+
Intenship ( part of MBA course requirement)

Start date Sep 2011
Till: Sep 2012
If i opt out of Internship

I would like an MBA degree, so searching for an Internship right now along with my dissertation to be submitted by SEP 2011 and complete my degree.
If i go for my Internship and MBA degree, which would be awarded by 2012, Am I allowed to apply for PSW

I understand it could be closed by APR 2012, and there they have provided with one year notice.
Any advice on my situation is welcome.. please.
Is there an work around for students still studying 'during' April 2012?
