Here's the first, online, undergraduate, bachelor's degree I've heard of, - from the big University of Wisconsin -
College Degree, No Class Time Required
University of Wisconsin to Offer a
Bachelor's to Students Who Take
Online Competency Tests About
What They Know
which I've added to 'The College at WUaS,' as reference.
It's great to have precedent 'out there' in path-making, from an already-accredited, good, big university.
Here's the College at WUaS ...
and Admissions at WUaS ...
WUaS would like to matriculate our first, free, Creative Commons' licensed, MIT OCW-centric, undergraduate class in the autumn of 2014, with students applying this autumn.