I tend to agree with nhcigarfan.

I got my BA in CS a while back, but in hindsight, I could have gotten it in underwater basketweaving, and it wouldn't have made much a difference. What's important is that it is a bachelor's degree, and that I knew my stuff. That's all any employer I've ever met has cared about for any management position.

When I had the "I need more schooling" moment, it was easy - Master's. Don't collect Bachelor's degrees, collect Master's. For one, it's generally more accepted that working professionals will go after a masters degree online. Broadband connectivity and established guidelines for accreditation make this extraordinarily feasible. I went to Syracuse - an established school with a good online program - all at a discount of what the room and board students paid.

As for Bethel vs. IU - again, I don't think anyone will care where it's from, if you are staying within your company. If you plan on going on to grad school, try to make that school the established one. Doesn't Bloomington have a good online program?

Case in point, I know a guy who has a bachelor's in english, but two masters in the vein of CS. He's now employed as a video game programmer. It's not going to matter what that undergrad degree is in, it only matters that you have it.