Alacea, If you could get a loan, while your monthly payment might be lower than rent, that doesn't factor in the real cost of owning a home. Add to that little or no savings......that's where I am fearful for you.
So............You are getting your masters degree...that's terrific - ..good for you!
It will certainly be worthwhile in the end.......... you will take care of your student loan debt, and be able to move forward with a higher salary, I am sure, and less pressure on you financially.. I applaud you for looking into home ownership, and doing some due dilligence, rather than just jumping in, and regretting it later. Once you have all the facts, you will make the decison that is right for you.
I think you're going to do just fine in the future!!
Best wishes ..............