I run a K-12 summer enrichment program and we have a class called, Learn to Play the Drum Set that's taught by a local pro drummer and drum teacher named Homero Chavez. He's sponsored by Peace drums. We used a mix of vintage and newer kits for the kids. Our vintage is a 60's era MIJ no name 20/12/14/14x5, and it's lasted very well and sounds fantastic with new heads. This our early 2000's Pacific/PDP, and our early 2000's Ludwig are all borrowed. The program purchased a Peace Classic 4 piece kit (18/12/14/14x5.5) 2 years ago. Shell construction is 6ply poplar, lugs are lightweight and the weak link of the kit, but it sounds pro and has a really small footprint due to the BD mounting hardware. Hi hat, snare & BD mounting hardware (tom & ride) are included, but no throne or cymbals. Check it out: http://www.peace-drums.com/products_01.php?u=47&s=535
While the vintage kit is the most resonant and sounds the warmest, it is more difficult to adjust because of the age and mechanics of the hardware, which may be a consideration if purchasing for a student without much guidance in setting up a kit. The Peace kit, also due to the hardware is the easiest to customize.
Still, I think the best deals for a beginning drummer (as has been mentioned in earlier posts here) is to look at Craig's List. You can find all range of kits that come complete with cymbals, hardware, throne, etc... in a variety of configurations at a wide range of price levels. I'd always plan on the cost of new heads, at least for the snare and BD, as these are often the most beat up.
For what it's worth,
Brian