1) Cornell Notetaking is an effective note-taking system developed by Dr. Walter Pauk that involves dividing notes into questions on the left and notes on the right with a reflection section. 2) Taking organized notes and reviewing them helps students remember information indefinitely, while not taking notes results in forgetting 60% of information within two weeks. 3) The key aspects of Cornell Notetaking include labeling notes, writing questions as notes are taken, and reflecting on the material after class.