Labor filing and F-1

My employer has being try to file labor for the last 2 years and finally decided filing as Finance major would be risky & decided to go with engineering specialization.Two major issues: - I have 4 months remaining for 365 day deadline (H1B with time captured outside US would be Dec '11) - My employer is asking me to go on F1 staus to freeze the time on H1.Two questions: Is 4 months enough time for me to find a new employer & ask them to file for labor? Is it legal for me to work on F1?

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It could take a bit longer than 4 months to file. You can work on F- 1 if the school allows Curricular Practical Training.

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