We were getting a second computer anyway when I started uni but we can't function with only one - not now the kids are getting older and needing it for home work/assignments and DH to do our business stuff on it. So I have a laptop I use primarily for Uni and then DH and the kids use the desktop. But atm the laptop has a virus so it can't be used and I have reports to do and DH was trying to get his BAS done so it was pretty crap.
And the study is definitely doable. My youngest was 2 when I started and at times it does get busy, but start off doing part time and see how you go.
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