Quoted: Spending a little time researching your preferred school and it's accrediting body before you attend would be time well spent.
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Listen to this man, he's wise.
There was an article in the Wall Street Journal about online universities earlier this week, see if you can find it.
The moral of the story is that you want one that is PROPERLY accredited, and in the program you are using. Most 'online' universities are not. (IIRC, University of Phoenix is an exception.)
But most of these 'online' schools are BS, and nothing more than cash to get a certificate. Some are little better than mailing off for a diploma.
The real exceptions to that rule are the 'traditional' universities that have online courses. I'm getting my MBA right now, and One of my classes is 'online'. I view the lectures after the fact on the 'net, but other than that it's virtually the same as being there. (This is through Arizona State, BTW). I looked at one point at getting a Master's in Mech. Engineering from the University of Illinois - also online. These are the programs you want. They're real universities, not for-profit degree mills, and what you are basically doing is watching real class lectures without being there. And you are getting a universally accepted degree. A lot of schools offer at least classes this way, and some offer whole degree programs (like the U of I one I mentioned). But many offer them as a service to their part time students - my online class is taught while I'm at work. Take those classes.
In general, a degree will be worth more if it's from a public or not-for-profit university than a for-profit.