If I have to do a bachelors degree, I expect that I can pick up an accredited degree quickly at that university that lets you test out of everything (I think it's called University of Phoenix these days?). No Masters, though, unless there's an org that will let me test out of that.

The rule of thumb here is pretty simple: I'm happy to take tests, I'm not willing to sit in a building for two years solely in order to get a piece of paper which indicates primarily that I sat in a building for two years.