H1b to F1 when PERM has been filed

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Registered Users (C)
Hello,

Here's a brief summary of my current h1 status:

H1 expires(full 6 yrs) - May-2013
PERM filed - Jan-2013
Category - EB2 (5+ yrs experience)
Current location - US

I may be offered admission by a US university in the next two weeks, so my questions are-

1) Can F1 visa be rejected on the grounds that I already have a PERM going? Do I need to take any extra steps while filing F1 because of my PERM?

2) If F1 gets rejected, can I continue on my H1 with the PERM going the way it is today?

It would be great if I can get answers to these questions.

Thanks in advance!
 
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