I would rather pay that kind of money for a brand name if I will actually make connections with people in real life.
Just having a piece of paper from a reputable institution with no real human connection is just not worth the price in my opinion.
This is based on my assumption that I do make better connections with people in real life compared to virtual setups.
I hate the feeling pay to play of a lot of our higher-level education as it seems that what you learn has nothing to really do with where you learn it.
Of course, if you're competent and work hard, you can probably build your own job from scratch in any number of software and technology fields.
Anyway, that probably wasn't a useful addition to my point. I believe you're more likely to get hired for a good company if somebody within the company knows you, and you're more likely to know people in good companies if you go to one of the "good" schools for your field. That doesn't happen with online degrees, no matter how prestigious the school.
in fact, most of the worthwhile resources are free, since this isn't a discipline that has really been taught at any level until recently, but draws from several.