I had inquired about the program to fulfill some coursework for my school district (I am an ESL teacher in a U.S. public school district).  It was difficult to find a program that was accepted and reimbursable by my employer.  However, I decided to not take it just yet because I believe I can do better on my own.  But I feel that this program is good if you need undergraduate credits and/or class structure (with transcript).  Here's what the website says (below).  

UMUC's Chinese courses begin by teaching students the pinyin transliteration system, followed by study of both simplified and traditional characters. Students can expect to read approximately 70 new characters per term, while at the same time learning important vocabulary and essential grammar needed to communicate in Chinese. UMUCs online version of CHIN 111 is an award winning course that features animated videos with multiple playback options.

Please contact the Academic Director for Foreign Languages about placement into Chinese if you have had prior contact with the Chinese language (whether through class work, experience living in a Chinese -speaking place, or personal acquaintances). Those with no prior contact with Chinese may enroll in CHIN 111.  Here's the catalog webpage:  http://webapps.umuc.edu/soc/us.cfm?fAcad=UGRD&fSess=2128&fLoc=ALL&fSubj=CHIN.  They do not offer a degree in Chinese it seems.