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Can I apply for opt if I am reinstated?

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I was in my final semester but was not able to enroll because of financial issues. The DSO said that they cancelled my i20 since I did not pay my fee and failed to enroll because of which i jave lost my f1 status. Now they tell me that once I pay my fee I will be granted a new i20 for next semesterand that i should reenter us.But will I be able to apply for opt then? Should I consider reinstatement of i20? 

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