Quite frankly, as a hiring manager (who is the person you really have to impress; the HR person just gives your resume a glance to weed out the obvious lowballers), a degree from a for-profit tells me you couldn't get a degree anywhere else. Honestly, I'd rather see a community college associates', telling me you went to night school, than an online correspondence degree.
Why? First off, let's review the courses of a BS in IT-SE from University of Phoenix. The degree program has very good emphasis on programming, but very weak emphasis on what you will be programming. Two semesters of Java, two of .NET, one of basic Web languages (HTML, CSS), that's all fine. But, almost anyone you are hired to program for will want you to know something about his business, or at the very least about all business. There is one course, one, attempting to cover everything you ever needed to know about business, with an emphasis on coding it, NOT understanding it. The Texas Tech MIS BBA degree path requires a semester each of finance and marketing, with two of accounting. That's on top of a general education requirement of two semesters of economics, which I don't see at all in the UP degree plan. A Tech CS degree would have given you backing in graphics and operating system programming.
The program's also very light on math; only 9 hours total. A Texas Tech CS B.S. pretty much hands you a math minor to go with it; most students start with three semesters of differential/integral/vector calculus (if you have to start with college algebra a CS degree is probably not in the cards), then linear algebra (matrix math), differential equations, foundations of algebra (where they show you the extremely complex higher math behind all of the simple equations and identities they told you to take for granted in pre-cal/calculus), and discrete math (set theory, field theory, etc). Even MIS, which isn't nearly as math-intensive, has two semesters of algebra and calculus followed by a semester of stats, and then finance is algebra-heavy (accounting has math of course, but it's mostly arithmetic).
So, while on the surface it looks like you're being given a solid backing on the ins and outs of coding, I would usually much prefer you have a knowledge of the actual business processes that you're automating with your code. I can tell if you grok coding with five minutes and a FizzBuzz problem, and I can tell in maybe another half hour of general questions whether you're experienced enough with .NET to not be completely useless your first day (and the UP degree program teaches VB.NET; C# is by far the more popular language, though you'll get used to it fast enough with the Java experience). What's going to be problematic for you is when I ask you what a credit memo is, or what accounts might be acceptable choices to hold the debit for a decrease in accounts receivable, or what a bond package is.
In addition, you learned all this by sitting in front of a pre-recorded lecture. Most of these courses are "on your own time", meaning that passing them is a matter of hammering at it until you pass the test. Semesters of a four-year college are calendar semesters; if you don't get it by test time, you fail. Fail enough and you're out; state and private colleges aren't interested in taking your money and watching you fail, because it destroys their reputation of producing quality graduates. They will instead "recommend" that you pursue other interests. A for-profit school doesn't really care; take the class 50 times, it's just more money for them. So, a four-year degree from a brick-and-mortar college tells me you at least learn quickly enough to pass a semester class in a semester (or two; no shame in retaking a couple of courses), and can keep pace with an overall course of study.
Lastly, though this doesn't really matter much to me as the hiring manager, being a "Phoenix" means you have zero personal networking. In a brick-and-mortar school, you sit in class with friends, impress your professors, and by the time you get out, you have reference letters and LinkedIn contacts which give you a leg up in finding your first job and moving up (or sideways if necessary). An online graduate has very little of that; the professors have never seen you in person, and they teach thousands of students every semester. Your entire college career is spent in the equivalent of classrooms larger than the average freshman English or Chemistry lecture course, where the prof has 5 sections of 500-600 students a day and couldn't care less who you are or how much you've excelled. Pretty much any interpersonal relationships you form with other Phoenix students are either superficial or existed before you joined.