I am somewhat limited in experience since I only graduated with a 4th two years ago, but IMHO like others said take the two year program. There are too many 4ths out there already for the limited PE jobs available so go wherever you have to and graduate with half your 2nd.
I bailed out to take a contract freeze plant job at a mine instead of returning for my 3rd after graduation and I regret it. Now I have to go back again..do it all the first time while at a desk.
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