HSMP and FLR: Do I have time? Please help.

Hi all,
I graduated with my MBA and qualify for the MBA provision of HSMP. I am still waiting for some documentation and therefore have not sent my application yet.

My worry is that it is almost Christmas and my student visa expires on 31 January 2008.

Questions:
1. Can I send both HSMP and FLR(HSMP) together?
2. If no, and I send them separately, what should I do if FLR (HSMP) is not yet approved by the time my student visa expires?

Apologies in advance if the questions seem obvious to some of you.

Any help is greatly appreciated.

Answer to your first question is "Yes". Only catch is, if your HSMP is refused you lose both the fees...