I have hired (and later fired) people with an online education -- I am seriously skeptical of the quality of understanding obtained from taking online classes.
While I agree that expanding the access to education is a great idea, there is no substitute for attending a brick-and-mortar university. Online courses and online lectures are a supplement to learning -- in the same sense that a text book and a lecturer is a supplement to learning. There are certain skills that you will only learn by living on your own; such as learning to balance your social life, classes, managing a schedule, and other activities. However, if you sit in your parent's house (or basement, like most /.'ers), these skills that will be missed; many of these skills are crucial for self-learning, which is required to successfully understand an online class.