Sharepoint allows students, instructors and administrators to easily create powerful collaborative websites. You can build your site using a wide variety of customizable widgets. You can use your website to share important files, news, reports, statuses, and other information. Students, for example, might use Sharepoint to create a website for an assignment, club or organization.
There are a number of different templates you can use to get you started. See Creating Sites in Sharepoint for more information.