I went to a traditional university.
I think that many airlines prefer a standard college experience. Just saying that an online degree is a heck of a lot better than none.
College is also a perfect time to learn some actual marketable skills outside of aviation. If some terrible terrorist event happens or if you have a medical issue, you may need those skills.
-Some of the best aviation advice I have ever heard:
"Don't be in too big a hurry. Enjoy what you are doing while you are doing it-you will look back fondly on your early days of flying."