First expression's domain is students
in your class and 2nd expression's domain all people.
EDIT
CASE 1 : When Domain is "Students in your class"
Here we are talking everything with respect to students in our class i.e. any statement is for students of your class, eg - If I say everyone knows Hindi it means every student of our class knows Hindi.
CASE 2 : When Domain is "All people"
Here we are talking everything with respect to all person i.e. any statement is for every person and only for our class, eg If I say everyone knows Hindi it means every person knows Hindi its is not restricted to only our class.