I went through DeVry also several years ago, and while I couldn't recommend it if you are footing the bill, if someone else is paying it go ahead. I was in the same situation as you in the early 2000's and I was working a dead end job with terrible hours (lots of OT) and I just couldn't swing going to an actual school, so online was it for me. At the time there was DeVry, Phoenix, and some other school that I can't remember and that was about it. I chose DeVry, went through the IT course in security and at the moment I work for the government doing IT security (I was hired just before I graduated) and I do security consulting work on the side. Granted, I didn't go in with no knowledge of the subject matter, actually quite the opposite, but there weren't many programs that recognized IT security skills as an actual degree. There are lots of naysayers here about the school, but I would love to compare W2's with them.
Bobby was dead on about some of the peers there, but the teachers definitely know their stuff. However when I think back to when I was at a large state university, many of my peers that were there are still delivering pizzas now if that tells you anything. Some of the coursework was slightly dated, but then again so are many of the certs I have taken lately. DeVry is accredited by the Higher Learning Commission which is recognized by the Dept of Education, so just like any other college, you can transfer credits to schools that are accredited by the same people but anything else is a crapshoot.
Like any college education, you are going to have to work hard to succeed, but some seem to think that a degree entitles them to something regardless of what they actually know. I can tell you that to get into security you will have to work your ass off both in school and on your own and then convince someone to hire you as an entry level security analyst and work your way up. There is no free lunch.
Good luck.