The status of online education is steadily advancing as more and more reputable universities establish online programs. A new survey by Vault, Inc. finds that "85% of employers feel that online degrees are more acceptable today than they were five years ago."

That said, the quality and reputation of online institutions varies widely -- it's important to make sure you don't end up with a piece of paper from a diploma mill. What to look for in an online program? Accreditation, accreditation, accreditation. Also consider such factors as the quality and breadth of courses, the faculty, and the potential for interaction and networking.

Kaplan University was an early player in the online education market, and is therefore a reliable and well-regarded source for an online degree. It is accredited by the North Central Association of Colleges and Schools (NCA-HLC), and the Higher Learning Commission. University of Phoenix and DeVry University also offer reputable online programs.

Online degrees are on par with traditional degrees in many fields -- but not yet in Law. Online law schools have yet to break into any rankings, and none are accredited by the American Bar Association. This means that an online law degree does not yet carry the same weight in the job market as a J.D. from a traditional school. The lack of accreditation would also limit your ability to practice in any state other than California. California is the only major state that doesn't require an ABA-accredited degree for admission to the bar. Online law grads can take the California bar and seek reciprocity with other states, but this can be a difficult process.

The good news: Concord Law School is the top online law school -- the first and best known in the field. Online legal education will eventually gain acceptance, and Concord stands to be the first to break the accreditation barrier and make its way into the top 100.

The last word...
Online degrees can be as good as traditional degrees and are steadily gaining acceptance in most fields... but not yet in law. Of the online degree programs, Kaplan and Concord are among the best in their respective areas.