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L2 to F1 Conversion - Question about Legal Stay in USA during the process time

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  • L2 to F1 Conversion - Question about Legal Stay in USA during the process time

    Hi,
    Currently I'm in L2 visa.My husband's H1B got selected in lottery and hope it will get through.In this case,my L2 will no longer valid after Oct-1-2016. Now, i'm decided to study and apply for F1. I'm in a situation that i can start apply L2 to F1 COS only on August-2016. Since the COS process takes 3-4 months, i will be received my F1 on ~December-2016. My questions are, 1. Can i legally stay in USA during the COS process period? 2. In Case, if my F1 get denied, can i apply for H4 COS when i'm in USA?
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