Do universities and employers discriminate against people with an online degree?

[High_Order1]

For example, I've been told that the hiring manager in one department at a major local company screens resumes and rejects all of them unless the applicant is from one of four universities!

I totally believe that! As a supporting example, notice the lobby when you go in. If the pictures of the principals have a blurb that begins with what schools they went to, lace your shoes tighter...