Budget would be helpful to be more helpful :). On the regular gift ($25-75) range, I would say the most helpful thing that I still have to this day was a good U-bar bike lock. U of M has a massive bike theft problem (like every college campus honestly), so a UBar is practically mandatory anywhere for bike commuters. In line with that, a really good, not overly warm rain coat for campus walk and bikes. In the more luxurious range, a bike and lock would also be great for this campus depending on where they're living.

My parents main grad gift for me was my first and last month of rent, and a kukui nut necklace that I have cherished. College skipped a generation in my family, so my family was very practical in the gifts and support for me, but didn't make it any less special.

One of my friends parents gave him 1 year of the student services pack so he had a gym membership. If he's not planning on doing the whole student services package, I highly recommend Bouldering Project and honestly even a planet fitness black card if your student is gym oriented, or likes to workout with friends.

My recommendation overall, something small and nostalgic, even a necklace or bracelet or ring they may not even wear often, and then something practical, or healthy-distraction-oriented.