I am on H1 B and my H1 is valid until Aug 2012. I want to pursue MBA and course will commence from May 2012 (It is 2 years course). I want to apply for F1 just to make sure that in the worst case if my H1 gets expired and/or rejected, I must be able to continue my studies. Can I apply for F1 with my ongoing H1 B. If yes, let me know the procedure.