Well this poll isn't telling the whole story. I take a look through the eddy now and again, and its obvious that there are lots of folks who have gotten an online degree in Internet Douchebaggery. You might not be as proud of your online degree as the traditional degree, but don't hide it, you know who you are!
My college education has served me well, but its my informal boating education that I value the most. Over the years its been the equivalent of a B.S. in river running, with a minor in creeking, and a M.S. in takeout beer guzzling and shit talking.
I've been working steadily at my boating PhD. My thesis is entitled "Statistical Hydrologic Modeling of Classical Whitewater Rivers and Creeks". Its basically a PhD in gauge geek, lots more work to do. Also working on publishing my first article... "How to massively shirk personal responsibilities to go boating without getting fired, divorced, or incarcerated".