Title is misleading.<p><i>As the Internet chips away at the practical reasons for limiting the student population, the real reason Yale limits the size of its classes will become more obvious.</i><p>Decreased barriers to entry of getting a degree will draw attention to the fact that it is (and arguably always has been) 20% about what you learn, 80% about who you meet.<p>MOOCs are not going to disrupt prestige, they&#x27;re going to make it even more important as a signal in an increasingly noisy market.