Google Drive is like a "hard drive in the sky". You can store ANY type of file there, and access it from almost any device that has an internet connection.
You are only able to directly edit Google files (Docs, Slides, Sheets, etc).
In Drive, but with a G-Suite account (which is attached to your Daemen email address), you have UNLIMITED storage space.
Commonly Asked Questions:
Google Drive: Full Tutorial
Google Drive: Creating Files
Google Drive: Uploading Files
Opening & Editing a Word File in Docs
How To Share Files & Folders
Google Drive: Sharing & Collaborating