It is a very good idea to seek TPS for Nepal if you are eligible. TPS does not prevent you from maintaining your F1 status provided you do work within the requirements of the CPT/OPT even if you obtain EAD based on TPS. TPS is a humanitarian program which can also serve as a valid nonimmigrant status for purposes of Change of Status and Adjustment of Status. It can run in parallel with any other nonimmigrant status including F1.
For more information please see below:
http://myattorneyusa.com/immigration-law-and-practice/nonimmigrant-visas/special-programs/temporary-protected-status-tps
Answered on Aug 25th, 2015 at 7:56 PM