H4 dependent visa and Master's regular program

I am on H4 dependent visa in USA. Also, I am thinking to get my master's done on H4 for 1st semester and then getting F1 visa during 2nd semester.
Please share,
1) What will be the pro's & con's of it and also the challenges I could face with that.
2) Institution who can provide the loan with or without cosigner ( H1b).