I worked for SUNY for quite a while, that was running CDL (Centre for Distant Learning) with La Salle, New Paltz and Empire State. I have to say, it is not easy, the books cost students a fortune, the CDL course credits are also more expensive than regular ones, kids had no experience how to organize their time in order to be successful. But a lot of them did. The Bachelor courses had a high drop out rate, the Master Degrees did not, it is logical, older, more determined students had a much higher success rate and the MA or MBA courses are a lot shorter, too.
It is a very different way to study, you have to keep yourself on track, make your priorities clear, outline your work and stick to it, no matter what schedulling you pick (I assume you would have your study time at kid's nap times and night, make sure, though, you have somebody on hand for the critical periods as you might be too tired to work when your baby sleep and would just fall asleep too easily with her). Some students are straight As in the class and plunge right down on line since they miss the competetiveness and direct supervision. So, it is essential to have a plan backing you up in the moments who won't be too motivated (and, studying at home, with a warm pizza and cozy PJs, where all the housework is waiting for your excuse to procrastinate, your child needs you attention, all those trips in the beautiful Swiss countryside....not easy). On the other hand, some love the fact you can organize your own time, learning steps, MOs, sequencing, when to go to lib, etc. have to say, it has some great perks, it really suits some learning types..There are some great web communities to support you, for example, in times you need to write up a theses, I have used some and it works like charm. Last time I needed to hand in an article for a conf, we were doing the Pomodore method with an online support group, I and some dozens geeks together all over the world, checking on eachother's writing and our tomatoes. Another thing is trying to simulate the classroom, sometimes, eventhough you study at home it is important to replicate the studying conditions (breaks, giving yourself 45mins-90mins or couple of hours of undisturbed time before you "clock out", getting out of home if it is not possible to concentrate and study in lib/school/cafe/with others, erm, trains, aeroports, public transport work too, haha).
Most well known programs are no Mickey Mouse courses, you have to cram and have to do a lot of routine work to show determination. A lot of routine work is also requested from students form the beginning to weed out the weeklings and those who are not sufficiently motivated. I believe this is a field that is changing extremely fast so I have no idea how things are now, a few years later.
If you want to know more about what degrees Switzerland acredits, contact CDIP .