Definitely interesting. One option for narrowing the field on investigating scholarships could be to focus on the ones local to this particular news article. It's an arbitrary way to filter, but might be appropriate in the context of telling an interesting story.
Another option could be focusing on some of the scholarships offering the most money, again an interesting way to structure a story.
RE: Teenage Male Identifies as Girl, Sweeps Girls Track Meets, Proud of Effort