Hi G V,
As someone who has taken online courses and works for the online education industry (and I am not going to sell you on any school; that is your decision), let me give you some advice as to what you should seek out in an online university.
First and foremost ensure they are regionally accreditted. If they boast that they are nationally accreditted, watch out. Nationally may seem like it is a better accreditation, but it is not (unless you want to attend a trade school). Most of your bricks and mortar schools are regionally accredited (any school in the Illinois area will be accredited by the Higher Learning Commission, in association with the North Central Association). If you go to this link, it will give you the list of the regional accreditting bodies:
http://distancelearn.about.com/od/accreditationinfo/a/reg...
Next, when you call en Enrollment Advisor, they should counsel you on what degree is best for you! Do not allow them to use pressure tactics to get you to sign an enrollment agreement. They should also be able to provide you with a really good estimate of how much financial aid you qualify for. Make sure you get what they promise in writing.... some schools will promise the world until you are enrolled adn then say 'Oh well, you were misinformed.'
Also, online classes can be more difficult, depending on your learning style. If you work better as a self starter, and can learn independently with guidance, then you will excell. If you are the kind of learner that requires a face to face type of instruction, you may want to rethink online learning. Now with online learning there are discussions and opportunities to meet in a chat, etc (depends on the school) but typically you are better suited if you can read the assignments on your own volition.
Also beware, some schools will sell the 'ease of online learning' with statements that you don't have to do anything at a certain time. That is misleading; you will have assignments due, typically weekly. And some online schools have classes that require 'Chats' or 'Seminars'. Those are scheduled at a certain time weekly, and you are expected to attend. The good news is, most schools are very good about scheduling evening times, weekends, etc. to make it easier on the student.
The pro's of a good online school are endless; if you do have yo have a 'Seminar' then you sit at home with the kids and participate. No babysitter required as opposed to a traditional school. Also it provides the opportunity to attend school for those that felt they could not before. The instructors are sympathetic to the fact that the students may have a conflict and work with you. The good schools will also provide some sort of tutoring in writing, math, etc... And of course, you should have access to an academic advisor that can guide you through the ups and downs of your education. Also, most schools will give you the chance to try out the school for the first week, without penalty, however beware. If you log into your classes after Day 7, you will get charged a portion of the tuition. Make sure you know what the cut off date is. Or some schools offer a 'Guest Pass' where you get to look into the classes before you enroll.
I truly wish you luck, and if you would like any further guidance, please feel free to e-mail me.
J.