Every user has a private files area for uploading and managing a set of files.
The private files area is accessible via Navigation > My home > My profile > My private files or from the Private files block
Students can upload a file at VCC and download it at home to continue working on it
Teachers who liked the old course fileslink can create a similar structure in their private files area to store resources and select from there those they wish to display to their students. Note however, that other teachers are not able to view your private files and therefore this option is not recommended for collaborative course development/delivery
Video: Moodle 2 - Private Files Block courtesey of mdle2preview