It depends on how much you are going to put into it,
I think online degrees are great, but you will not receive the same guidence as sitting in a class with a teacher over your shoulder.
I learned alot of my 3d animation and such from online tutorials and I also bought alot of dvd's. but I still went to college to fill in the holes in my work flows.
Check them both out and talk to others but in the end it is completly up to you to figure out the positive's and negative's and decide