i think it is very generous of you to consider it.
my D just got a fantastic local at our night—instead of actual cash it was in the form of a complete (physical) laptop/printer/all the trimmings setup + a small check for ink. sounds like a small thing, but if you are specifically targeting first gens it can be a large unexpected expense and it might just thrill them to death. (and i gotta tell you, it really broke up a very long night of micro awards–the audience definitely needed something different half way through the evening).
if you were concerned about specs you could do it in the form of staples/best buy/amazon gift certs with say, a flash drive taped to the envelope.
personally, if i have to be honest, it was a useful “scholarship” and we are grateful to that donor!