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Same here, I was told by Student Financial Services that federal loans would only be for 12 consecutive months as a postbac student, but I was planning on taking classes full time when I applied in 2011. I'm thinking you might be able to get funding for two years if you're taking classes part time?
I also wonder if there is a differentiation between being in HCP and considered a post-bacc student versus getting the diploma.
I may still be taking statistics, but Fixsen made a good point by saying, "why waste money when you can do it glide year at a cheaper institution?" I like this argument, I like it a lot.