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I'll agree with some of the disadvantages, the biggest being the minimal interaction with professors and other students. I've also seen alot more programs adding in required visits to the campus to try to help with this.
I'll admit given my location, and inability to relocate because I'm working full time, considering online programs can be the only option, to take the program you're interested in
The stigma is going away, slowly, it just tends to vary by employeer now a days, I think it's key to look for recognized names and make sure your held to the same standards as the rest of the students. I've also looked to make sure the degree I'd be recieving would be issued by the same college the on campus students were recieving theirs from.
You'll find alot of these classes, or at least the few that I've looked into so far ( Columbia, Stanford, and Carnegie Melon ), use recorded or streaming lectures, so you are getting exactally the same notes, and assignments as the other students
I think the key for someone considering online, or at least the way I've looked at it is to find a school you know that has the program you want, dig up whatever information you can about the classes you'll be taking, and then get in touch with someone at the school or visit if you can to ask all your questions
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