I have a bit of a different persective I guess, because my school name (University of Toronto) helped me to get my job. my school doesn't exactly 'hand out' degrees and my employer knew that. so for me, a 'big name' school helped a lot.
however, it is not always the case.
as far as online learning goes, I just did a 2 year nightschool program (from U of T) in business management. the last two courses I did online.
given the choice, I would not do online courses again.
the reason being I felt the learning experience that you get is far below that of classroom learning. mainly, because you don't get the interactions and discussions that you do in an on campus class. yes, I know there is web interaction (forums and stuff) but I find it was not the same.
I learned better from a more traditional lecture approach.
that being said, if you have no other option (ie you can't quit work to go to school) I would go for it.
but I would see if you could possibly do a progam with night classes first.
I think you may get better learning that way.