They waived it for me, and this was back when they were telling current/qualified Colgan folks TBNT. Your best bet is to put your application in and then try to get in touch with someone in recruiting (I conversed with a guy with the initials DC, but I have no idea if he's still around) to let them know what your situation is.

Considering they can't fill classes, I'd say you at least have a shot at getting an interview if your resume is descent (JMHO).