I earned my Bachelor of Science Degree in Information Technology (BSIT) in 2006 from the University of Phoenix Online, and recently returned to school in October 2007, to pursue my Master of Business Administration (MBA) degree; I anticipate a completion date about a year from now.
The key things to look for is the accreditation of the school. Regionally-accredited it better than Nationally-accredited, and semester credit hours are better than quarter credit hours. You risk losing credits when going between schools that are in conflict of one another such as from nationally to regionally accredited and from quarterly credit hours to semester credit hours for example. Also, when looking at online schools, be sure to do your homework. Depending on your degree, some states do not acknowledge online education in some fields even though the online schools may offer it, areas such as medical, legal, and education. While some of the online schools may be accredited, you are paying for convenience many times and if you can swing it, might be better off going to a local community college or university to cut costs on tuition. With that said YOU will have to be the one to decide what is right for you. One more thing on accreditations, some of the online schools don't have certain accreditations for various degree programs, meaning the ones that really count in the workplace. Bottom line, do you homework and find the best fit for you if you proceed to move forward with any degree no matter where you choose to attend. Talk to many schools and ask lots of questions. Decide what you want to do (or plan to do) if this program or school doesn't work out, or you eventually want to transfer. Find out if the school you would consider (or plan to transfer to) WILL take you credits from the school that came before it. Often times students wait until they want to transfer and then upset that their credits (or a bunch of their credits) won't transfer. However, if they had only done their homework first, they would have known this, but most don't know a thing that they are spending a lot of money on. Most students I've seen spend more time researching the car they are going to buy than the money they spend on their education, which let's face it, is a heck of a lot more!
Whatever you decide, good luck. If you have any questions or want to chat, drop me a line.