here's my $1.50
I used one big notebook for all classes - one of those notebooks with dividers and pockets in the dividers. Keep the syllabus in the divider. If handouts get too numerous to fit, then get a separate folder to put the old ones in.
For missed classes, the answer is simple: don't miss any. Really. COllege is the best opportunity of your life to learn about things that really interest you (or even that don't really interest you). Why would you want to miss any of it??
That was my undergrad method.
My grad school method (law school) was only a little different.
I kept my notes on 3 ring paper, but still just used one big binder for all my classes. Handouts dealt with as above.
Of course, part of law school is making outlines based on the materials you learn in class, so your notes are useless once they've been added to the outline.
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