I plan to study here with an intent not to immigrate and go back to my home country. I plan to stay out of US for 365 days before applying for my F1. I assume staying out of US for 365 days would reset my H1 clock. Also I do not plan on filing an I-140 in future, I filed the PERM just to get 7th Year H1 Extention.Thanks for you Answers. Another question I have is will it help if I ask my employer to withdraw my PERM or my PERM gets denied. In that case can I apply for COS with better chances of getting approval.