H1B-F1 Visa Transfer

[vpatibandla]

Hi,
I completed my Masters in Dec 2007 and i am in H1B status from october 2008(I haven't got my H1B stamped yet). Also i am having my F1 Visa left for 2 more years. I was laid off by my client during december 2008 and i have my paystubs till Jan 15 2009. But my employer haven't revoked my visa yet. Now i am planning to go for MBA program and need to transfer my visa to F1. I already received the I20 from the university. My question is:

could you tell me the ways of converting my visa to F1 and which one do you suggest more?

Any help would be greatly appreciated.

Thank You

[kabkaba]

COS is not possible since you are out of status, unless you complain to the DOL about not getting paid.
You may enter using your previous visa and new I-20.

[vpatibandla]

H1-F1 Transfer

Hi,
Thanks for your reply. I have changed my plans of COS and decided to go back to India and return back to U.S with new I20 and F1 visa (which is valid for 3 more years). Since my H1 is approved, will i face any problems while reentering U.S. I believe i don't have to go to embassy for stamping because of valid F1 Visa. Please let me know if i am wrong. Actually i could not find this information anywhere in the USCIS website. Could you tell me if any of this information is documented. Your response is highly important to me.

Thank You