Hey BASH are you saying that if you are graduating soon, they will renew your visa just like that??  What i think is , you cannot be 100% of sure when it comes to visa councellors. Normally for students, visa is given for up to 3 to 5 years. Within this time period, if you are serious enough and have a strong financial condition, its enough time to graduate. So you should have some strong reason why you didnt graduate by now. Think before taking any steps so that you wont regrate it for the rest of your life. In times like this its important to graduate and get a decent job than to take any riskey decissons. You have nothing to loose here.

Just my thought ;-)