It's an important question, though. I see a lot of interest in MOOCs, the Udacity nanodegree etc. on the internet, but I can't see my employer/me hiring someone whose only qualifications are online courses. I know absolutely no one in my entire department who does not at least have an MS. And we are doing exactly the jobs that people who take these courses want to get hired for.

I like to do MOOC courses to get an overview of / intro to a certain topic I am interested. But once people charge a substantial amount of money for a degree, it is absolutely pertinent to question whether the degree is worth it. E.g. IMO udacity is very close to being fraudulent with the promisses they make in their advertizements of their nanodegree.