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It is possible
It probably isn't the norm and isn't the easiest route. However, you should talk to your agency about how India will perceive you quitting your job to go back to school. It is possible to do something like this, you just need a plan and savings to back you up. Your agency should be able to tell you how much they will want to see in savings. Your plan should be addressed in your home study so you don't need to update the homestudy when implementing the plan. You might need to or want to get a part-time job to supplement income while in school.
There is always a possibility that you would receive a referral early and you wouldn't be able to take it since you need a certain amount of income when going through the adoption process. But you are committed to bettering yourself through education and my guess is that India would be a country that would be impressed by that.
Good luck - I hope you find an agency that works with you since it will be easier to go back to school now than after adopting a child.
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