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Cloudon is a great app for teachers and students who want to have access to MS Word, Powerpoint, and Excel programs from their iPad.
This app has most of the features of these programs and allows you to download to DropBox, which is an online storage app where you can always access your files, no matter where you are.
The pros of this app are that it is free, you can upload from/download to DropBox, it has a similar interface to MS Office programs for those who are used to them, the files you make on the iPad can be opened on MS Office from a PC, and it allows for slide making on the go.
For those students who may have an iPad but not a laptop/PC with MS Office and who are at a disadvantage in presentations, this could be a great help because students can use the ppt format on their iPad and upload them onto the PC through DropBox.
Check Out my overview of iPad apps HERE.
Here are some other apps that may be of use to you also.
Apps for ESL/Language teachers.