H1 to F1 after layoff ... URGENT

[aawatram]

Currently on H1-B but will be laid off on June 11 (few days from today)

1. What is process for conversion of H1-B to F1 ?
2. Once I have an I-20 and apply for COS, do I have to wait for an approval document from INS ?
3. If I apply for COS before June 11, am I still considered "out of status" from June 11 to when I get F1 approved. What are my options?

Thanks!

[nur]

hi,
I lost my job end of April and almost within a week I submitted my papers for changing my status from h1b to f1. I recived a letter from immigration office asking to prove 3 things.
last 3 pay checks
grad degree (from my country)
an explanation why changing status

first question from my school adviser when I called him to let him know what happened was if the color of the letter(notification) is blue...NO, it is not, he found it to be concerning...now I am concerned, why are they asking for my undergrad diploma given the fact that I did my masters in US and worked for an emplyer on H1B. is this a normal process?

Is this concerning, can anyone please help me with this?
thank you

[kabkaba]

@awatram
1. Get admission to university, get I-20 from them. then apply using I539.
2. Yes, you have to wait.
3. No, if the application is received by USCIS within a few days of layoff you are ok.