Answers:
I would say that it does as long as it is a "bricks and mortar" university as well. In other words, find some universities that you like then see if they have on-line programs. The degree then is the same.
Maybe, but make sure the university is accredited and that the program will help you get a counseling license (I'm assuming your objective is to become a counselor). Most ivy leagues do not offer Psycology degrees via distance-learning or online programs. Check out Walden University - I've heard good things about its psychology program.
Good luck!
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