I think you are asking the same question again (or maybe asking for confirmation of you understanding), why don't you ask W&I? I feel I detect some anxiety in repeated attempts to clarify it? Any specific concerns?
In any case the rules will automatically decide whether you can or can't get it. Once you find out, the matter is done.
Are you in an unemployable situation? Also Study Link is integrated into W&I so they take any student loans or current course commitments into consideration. This system helps you get to work, not just decide on monetary support. There are many things such as training seminars, job search seminars, CV writing assistance etc, I suggest that it not be taken merely as a commercial or financial assistance system. It is there to help you, do try it out.