I hope that the information I put forward will help you to some extent. I will start with your last questions about Premium processing. This processing will get the precedence in terms of taking an action. My point is if you process Premium way it will be approve in 15 days ( INS given time) but the regular way might take months. Saying that last year well for the H 1 stating on Oct 1 of this year there were above 130 thousand applicants and there were only I believe 60 thousand h1 for undergrad and 20 I believe for Masters. So the INS did a so called lottery system. The chance is fifty fifty. In this situation I don’t know how this premium thing is handeled! Now the second well the first questin that you asked is about the processing of H 1. Its true that you have to have a bachelor’s degree to process it but then the INS will accept application I believe from the month of April and with higher number of H1 application they will stop accepting application as early as may itself. Now if the company that hired you liked so much they have alternative ways to tackle this situation and can go for J-1 ( I don’t know much about it) and right a way process your GC and keep you at work. That is if the company is so good that they like you and understand your needs. Finally this is not going to happen with any of the desi companies. Only the big companies American companies will do that. One of my cousin had the same scenario and they did J1 and processed his GC and he was good to go without even being in H 1 ever. Graduation thing! that is what people say to me when I was about to graduate!!!! Its your opinion but genuinely speaking don’t fall behind by postponing it. Many people say that cause they don’t have the in depth knowledge. See you have worked so hard to get this degree and now when you are about to get it why step back. Put the black cap Brother! After that if nothing works still you have the Degree and you will proud of yourself. ""Damn it I made it""! Bravo!!!!!!!!!!!!!!!!!!!!!!!!!!