Alacea, I am surprised that with a masters degree you would only be making $34k a year. I know it is a tough job market out there today. Could you find another job with your education that would pay you $50k or more? If so that could change your DTI numbers completely.
Or have I misread and you are studying for a masters degree? If so you are very likely to have it pay off very well once you graduate.
I know, some areas (location and area of expertise) either pay very little or have so many people who trained for them that the competition for jobs has brought down wages. If you start to look for another job that could bring your income up to more realistic (for your educational costs) wages it would likely be your best option. I would go to either the unemployment office OR your college career center and ask what things you can do with your career. If the college will not help for free the unemployment office will.
Remember, just because you have a degree that says "A" does not mean you are not capable of doing or wanted for "B,C,& D" also. A lot of companies always thought masters degrees were great even if not in the exact area that the job title implies. Although in this economy, it may take awhile to find something I am sure you will have opportunities if you simply look for them.