I am currently learning calculus and am still a little confused as to the difference between vectors and points (which are represented as ordered pairs). I know that vectors are a different type of object given that they have both direction and magnitude, but I don't understand why they are inherently different given that they do not seem to communicate any more information than a point represented as an ordered pair does.
Furthermore, is there something "special" I have to do to convert an ordered pair $(a,b)$ into a vector $<a,b>$ or not?
Ordered pairs can be vectors, but they are not the same. It's not a proper definition, but everything is a vector that can be multiplied by a scalar and they can be added together. For example vectors, numbers, functions. For a mathematically more correct definition see the Vector Space.
In Linear algebra, we were told something like this: Let $P$ be a point in the space. If you choose an origin, then you can have a vector $\vec v$ pointing to $P$. After choosing a base, you can represent the vector $\vec v$ as an unique $n$-tuple $\underline{v}=(v_1,v_2,\dots,v_n)$.