@MimroRaMero, Thank you for your response.

I am in STEM program however I already used my one-time 17 months extension on my previous OPT. Hence, I am looking at 12 months OPT EAD. Will it be wise to apply for TPS EAD if I didn't get my H1B during my OPT? (before the expiration of OPT EAD). I will look for jobs at university (H1B quota exempt) so just trying not to make situation complicated during H1B (being said that TPS EAD doesn't affect H1B eligibility).

Just wanted to confirm with you; if I apply TPS EAD now, and if it continues beyond Dec'16 (my graduation), then my F1 status will be terminated right after 60 days from graduation (since I won't apply for OPT EAD) unless I get enrolled in another school, isn't it?

I have two options now; 12 months OPT EAD (Dec'16 to Dec'17) OR TPS EAD (Now - ??)

I think I will go with TPS EAD.