Online education...good or bad?

[cynatnite]

I am currently going to a technical school and in a few months I want to further my education even more. There are a lot of options. We do have a local college which is decent, but I really don't want to traipse all over the campus hauling a load of books. I'm not in the best shape for this.

The other alternative is going to school online. I'm unsure of schools like University of Phoenix, Kaplan, and others because I don't know if they would be taken seriously in the working world. Also, I watched a recent PBS Frontline program called College, Inc that did shed some light on for-profit education. It's given me good reason to tread carefully.

I have found only one university that appears to be respectable, has good accreditation, and offers online degree programs. That's Northeastern University out of Boston.

So, what are your views of online education? Worth it or not?