Can a B1/B2 Visa be converted to a Student Visa once the individual is in the US?

No.

You can try to file for a change of status to student but no visa will be issued as visas can only be issued at the US Embassy/Consulate abroad. Sometimes the change of status is not granted and you are instructed to go to a US Consulate in your home country to apply for a student visa.

A change of status can be requested.

Visas are not currency - they cannot be "converted"; having one visa does not entitle you to getting another. A person who entered the U.S. on a visitor's visa can apply for a change of status to F1 if he/she is accepted to an accredited educational institution. Lying to the consular officer that you intend to just visit the U.S. while actually wishing to stay here on a student visa is not a good idea; and you would have to keep lying when the time will come to explain to U.S. Immigration Service why you did not apply for a student in the first place. This is called a visa fraud, and, if USCIS catches you on it, you will not be able to come to the U.S. for a long time, if ever.

It may be possible. Depends on the facts and if it can be done correctly.

It's possible but it must be done correctly.

Yes. Get I-20 and all other required papers and apply to convert. Feel free to contact us if you need an attorney to handle it.