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Full-time
As a full-time student, you will have coursework to do, but you will also have time to enjoy yourself. Other students can help you to motivate yourself and they can also share ideas with you which will help you with your study.
Being a full-time residential student has the advantage of being able to get to know fellow students, use university facilities (like the library and the gyms) and have your own space in which to concentrate on study.
Part-time
Part-time study has the advantage of flexibility, allowing you to see to your family or work commitments and study at the same time. You can do coursework at times to suit you, perhaps when you have finished your part-time job or when the children are in bed.
If you are going to be working part-time as well, you will need to be well organised and motivated to get everything done. It may often be difficult to motivate yourself to study with many other calls on your time.
Even if you are a part-time student, it is still useful, as well as fun, to spend some free time with other students; for instance, you could get together over a meal or during a coffee break.
In either case, you will only need to be at the university for certain times for lectures, tutorials and so on.
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