Which type of education is more effective on job / career prospective, is it distance or part time?

Here are a book and an essay to help you understand:
The Lost Tools of Learning www.gbt.org/text/sayers.html
The Underground History Of Public Education archive.lewrockwell.com/gatto/gatto-uhae-1.html

Another eye opening piece is "Dress For Success" by John Molloy. He has a lot of advice for students, and it has no resemblance to guidance you get from school counselors:
1. Vocal skill will affect your earning power more than any other single detail.
2. Acting skill will get you a job offer even if you are not qualified for the job.
3. The most important thing you get from your college years is your address book.
4. The main difference between a successful man and a very successful man is the latter knows hundreds more people, and he knows them quite well.

Plan your schooling accordingly.