I agree that it is a very personal thing... a lot depends on how much support you have... how well baby sleeps (I spend the first year in a haze of tiredness after having all my babies).

To be honest... but I'm not saying you should follow my lead.... this is just my experience: I have done the uni study with a child before and I waited until she was at school. I now want to do more study... and am putting it off until my youngest is in full time kinder. I know my limitations. I have VERY high personal standards when it comes to study and I also have no support from extended family. I wait until they sleep through the night and are at full time care/ kinder. But that's just me. I guess someone has to be the wet blanket