I would like to have a tool to record an on-going log of individual student's progress. It would also be nice to be able to record class notes. This would need to be private to the teacher, but shareable if desired.
Are you talking about a journal of sorts? So something more anecdotal than the context card you see available in How do I view a student's Grades page in a course from the New Gradebook?
You have two different ideas here, if so. One is an instructor log, the second is a reflection piece from students. Have you considered using Collaborations to set up a shared Google doc with each student?
The two different ideas you have will need to be submitted seperatley, please. You can read more about the process in How do I create a new feature idea? Would you like to narrow this thread down to a single idea?
Did you get a chance to review the resources and questions I posted.
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