Posted by: BioMed August 6, 2015
TPS For F1
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"F1 students can apply for TPS and EAD but can not use the EAD since it will be violation of F1 Status."

IMO,
if you are graduating on Dec'15 or May'16, apply for TPS and OPT EAD. If you are unable to make change of status to H1B within the timeframe apply for TPS EAD later.

if you are graduating on Dec'16 or later, apply for TPS only or TPS with EAD if you really need it now. the reason for only applying for TPS is once you use EAD through TPS, it's most likely you will violate your F1 status though there is a provision for reinstatement.
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