Feedback is widely acknowledged as the crux of a learning process. Multiplicities of research studies have been advanced to address the common "cri de coeur" of teachers and students for a constructive and effective feedback mechanism in the current higher educational settings. Nevertheless, existing pedagogical approaches in feedback are fragmented and ad hoc in nature. Taken in isolation, each approach fails to capture the full role and complexity of assessment feedback in the learning process. The paper provides a synthesis of existing practices in the field of assessment feedback and identifies the core guiding elements to develop a holistic and integrated feedback system. The 360 degree (360°) feedback system is proposed and its systematic implementation is demonstrated via the interplay between self-, peer and teacher assessment. It is concluded that the elements of 360° system when combined and integrated help to maximise the functions of feedback to enhance learning.