I am working on my Doctorate and use Evernote to keep notes on various classes that will carry over into other courses. Not only that but I use Citavi for my reference material. I actually got the information for that program from these discussion boards. I think keeping track of resources and abstracts is more an issue with Doctorate work then undergrad/grad work.
If you get stuck, because they suck, with group projects you can link up with everyone on Evernote and work the same material together instead of sending each person's sections into one person to put together.
Sentinel made a great point. You can use Evernote for the following.
Photograph or Scan your handwritten notes into Evernote, to later study on any device you wish/own.
Directly type notes & reports into Evernote, web clip from the web for study material, copy/paste some code snippets to study/store for future use
This is also great for tracking scholarships. What they are, what you have to do, due dates, etc.
Store Audio Notes from college classes, discussions with teachers (another great suggestion from BNF)
I use a personal recorder a lot. Not just for school but business and personal reasons. I upload the audio to that particular notebook to track whatever it is I recorded.
Journaling, personal as well as college related activities
This is really good for teacher/course feedback. Also, when you have issues with a teacher you can track it if it goes beyond just talking with that teacher.
Archiving all of your works for future reference. You may want to write a Thesis one day. (if only I had EN when I was young)
This is a really great idea. I wish I would have saved some material from my Master classes. I could have used them to support my dissertation now.
Share/compare your material with other students and faculty (Parents too!)
This is what I was referring to when I mentioned group assignments. This is also a great way to run things by your Prof to make sure you are on the right track with your assignments and get feedback prior to the due date.