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Personally, I prefer the traditional way, as there are just some things you can't learn online (Plus you can get help much easier than you can when you take an online course), though I do know that taking classes online can be a gigantic advantage if you have a hectic schedule.
Unfortunately I don't have much information on the University of Phoenix. I know this is a stupid question, but did you go their website for more information? That's usually a nice place to get the information you're searching for.
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I believe in equality; Everyone is equally inferior to me.
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