Student License Extension

Greetins,
I am writing to enquire about the possibily of extending my current Student License I have been granted by my study Institution (Rīgas Tehniskā Universitāte). The Installation process consisted of simply inputting the license key we were given and I am aware it is active for a year but I would like to know if it is possible to extend the license for another year as I will be in dire need of the amazing Solidworks software in the coming year as it is the final year of my studies and I would need it for my Mechatronics Engineer thesis.

I had trouble finding any resources regarding this issue on the website so I thought I would ask here. 
Thankyou in advance,
Dāniels Duboviks

 

Edu SOLIDWORKS