I cant really speak from personal experience but I do know a guy that has an 07 he bought as a spare in case he had a friend over that wanted to ride. He says its a great beginner bike and gets close to 80mpg. Its not a very fast bike thats for sure, I was able to keep up with one in my 91 miata
The new one looks pretty sweet and the price isnt bad so I say go for it. Maybe work out a deal with him where he can ride it for awhile and if he does well in school then in a year or 2 youll help him get a bigger one.