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Microsoft 365 Apps for Enterprise is the subscription based Office Suite offered by Microsoft.
Microsoft Word is a word processing application and is available in online and desktop versions.
Compliance with 508 standards should always be a priority for those creating course and web page content.  Whatever the system your content is being distributed from, ensure that uploaded media meets accessibility standards.
Streamline editing Microsoft 365 documents with Digital inking tools with your touch device using your finger, pen, or stylus to annotate and highlight text, and use the built-in digital ruler. The feature in PowerPoint would depend on if your university desktop or laptop is the most up to date Microsoft 365 version. Available via the Draw tab in the Office ribbon.