Your instructor should be chatting with you either in real time or via some form of Message Board and answering your questions. It really is a matter of the more your put into it, the more you will get out of it. With some people, you will find that you are not only their financial advisor. All of the CFP prep classes I've taken have been in the classroom. I'm considering taking some on-line courses.
Most adults find that online delivery fits their time schedule as well as ttheir motivational level.
You do need to be self motivated though. The school name might help you get an interview, or possibly a foot in the door, but ultimately it comes down to how well YOU perform. I could not agree with you more. Yes, once out of school,performance will be the determinant of success. I also agree that most State schools are very good and work hard to provide a quality education for its students.