Hi, I am currently on H1B status and would like to switch to F1 status because of the economic situation and fear of getting laid off. My questions are:
1) Is it possible to do this, and what are the chances of getting approved with the fear that the change might question my intentions to return to my home country.
2) I hear that approvals may take up to 6 months. What would my status be if I get laid off at some point while my petition is still pending for approval?
3) Would I have to leave the country as I wait for approval if I was laid off sometime during the waiting period?
Thanks in advance for your help.