This is a subject dear to my heart so I’m going to give a few points and
clarifications.

Accreditation
Several people have hit around the accreditation issue but here are a few
specifics that you should look for in any school. There are two legitimate
school accreditations schemes recognized by the U.S. Secretary of Education.

Regional accreditation: This is the “best” or at least most recognized
accreditation you can find. This is the accreditation most public and
private schools will fall under. Some distance and proprietary (for profit)
schools also attain regional accreditation. There are seven regional
accreditation groups that fall under the Council of Higher Education
Accreditation (CHEA). Personally I would not go to a school that does not
hold current good standing with one of the regional accreditors. UofP is
regionally accredited by the North Central Association of Colleges and
Schools (NCA-HLC).
Here is a link to CHEA’s site:
http://www.chea.org/Directories/regional.aspHere is the Wikipedia
article:
http://en.wikipedia.org/wiki/Regional_accreditation

National Accreditation: National accreditation is just as legit from a legal
standpoint as regional accreditation but not as prestigious. As the name
implies, national accreditors typically accredit on a national or
international basis. As a rule this used to be where distance education
schools went for accreditation but that is not a universal any more. It can
sometimes be difficult to transfer credits or even receive acceptance of a
degree granted by a national accreditor when transferring to a regionally
accredited school. ITT has been mentioned and its accreditation is through
Accrediting Council for Independent Colleges and Schools which is a national
accreditor. ITT students often have trouble when moving to other
universities. As a side note at least in the past UofP accepted ITT credits
but that may have changed. Other schools may take all, part or none of the
credits earned from a given school. Honestly this is true of regionally
accredited to regionally accredited school but it’s much less of an issue.

Those are the only “legitimate” university level accreditations recognized
by the government and other legitimate colleges and universities.

Specialty accreditation:
There are also what I will refer to as specialty accreditations. There are
accreditations given to a given college or program instead of the entire
university. The ones of interests for people looking into IT would be:
The Association to Advance Collegiate Schools of Business (AACSB) – If you
are in a school of business (CIS, MIS etc) this is the premier academic
specialty accreditation. If I am not mistaken few or no purely distance
program has achieved AACSB certification and their guidelines almost
guarantee that that will remain the case.  MTSU’s and TSU’s business
programs are AACSB accredited.
Association of Collegiate Business Schools and Programs (ACBSP) – This is
the other business school accreditation. It is a less academically
prestigious but still worth looking for. This is the accreditation that is
open to distance school and is often achieved by community colleges. The big
difference is that AACSB concentrates on research while ACBSP looks more at
teaching and practical applications. At least some of Nashville State’s
business program is ACBSP accredited.
Accreditation Board for Engineering and Technology (ABET) – I don’t know
much about this one except it is the one engineering schools seem to go for.
TSU’s Electrical and Computer Engineering programs are ABET accredited.

Someone mentioned (jokingly maybe) just buying a degree from a mill. That
has become more dangerous for the diploma recipient. Oregon was the first
state to make it illegal to claim a degree from an unaccredited school. They
have made an exception for a little over a dozen schools that are
unaccredited but not mills. Notice here the rule is they are illegal until
explicitly given an exception. Since Oregon’s law went into effect a few
states have followed suit using Oregon’s legislation as a model and given
time more states will follow suit. I believe the feds are tightening up
their standards for federal employees as well and honestly a mill diploma is
just a bomb waiting for the wrong person to find out and get you fired even
if you live in a state like TN that does not have specific legislation
making the paper illegal.

As I mentioned earlier transfer credits get weird when going between
different levels of accreditation. For the most part going from regionally
accredited to regionally accredited school should mean you loose few if any
credits (outside of program differences) but there are no guarantees. Any
school can refuse to accept any other school’s credits. If you go with a
nationally accredited school your chances of problems goes up. If you want
to help protect yourself from the vagaries of transfer issues talk to the
school you plan to go to for your Bachelor's degree before starting your
Associate’s. That may help you in picking electives and such. As someone
mentioned some community colleges have 2+2 programs with universities to
help protect the student.

A few people have talked about certs instead of or in additions to a degree.
A degree has one great advantage it’s always “relevant”. A
CS/CIS/Engineering degree will always fit the requirement of having that
degree even 40 years from now when the technology has no resemblance to what
you learned in school. Certs expire and even if they are evergreen like
Comptia’s certs they just become irrelevant. I don’t think certs are bad I
have several. I just think they are less valuable than a degree. Having said
that, some schools  work toward you getting certs while you are earning a
degree. Nashville State falls in this category. The go so far as to use
Cisco Academy as their training material in their Cisco classes. I don’t
think they require student to pass the cert but why not?

There is some debate on the value of certs. They serve two purposes as I see
it. When you study for the cert they expose you to concepts you would not
necessarily see in your day to day job and hopefully you will remember this
months or years later when that technology or concept might save you some
time or money. Secondly they fill check boxes for HR. I agree that certs
without experience are useless but they do serve a purpose for the
experienced person trying to give themselves an advantage.

For anyone considering distance education I highly recommend taking a look
at “Bears Guide to Earning Degrees by Distance Learning”. It is the book
that will get you up to speed on the terminology, pitfalls and advantages of
distance education. It has gone through several iterations so make sure you
get the latest greatest version.
I also recommend the DegreeInfo Distance Learning Discussion Forums
http://degreeinfo.com/ . You can learn more than you ever really needed to
know about distance education over there but I would recommend the book
first.

Final note. If you don’t think a degree is important do a search on one of
the major job boards and see how many of the jobs absolutely require a
degree. Then add in the ones that give preference to applicants who have a
degree. If you have several years in the industry you probably can get by
without a degree but you will miss out on a few opportunities. If you are
trying to break into the industry why hobble yourself? This is doubly true
in a slow economy.  The good news is by the time you finish a two or four
year program the economy will probably be headed for a new boom again giving
you time to get some experience before the next bust.

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