The whole kerfuffle about Harvard Extension vs Harvard College just lays bare the awful reality of the value of college education today. It's basically about acquiring a brand-name on your resume. Especially in the US system, the university branding says very little about the merits of the graduates (since admissions process is a colossal clusterfuck where a very large number or rejected candidates are objectively academically superior to a very large number of accepted candidates) and everything about our obsessions with exclusive clubs.