Herman,
Distance-Learning degrees are also recognised by the PSC provided that the University awarding them is accredited.
Distance-learning degree programmes are a good way for pilots or wannabes to earn a degree, because it can be done without full-time attendance at a University or done at a distance.
I, too have earned a distance-learning degree, about 10 years ago, but it's just for self-fulfilment. The Mgt does not know about it.
Best wishes and hope to see you on the flight deck soon.