There is still a career available in aviation, but there are NEVER any guarantees. No matter what any school tells you, it is often down to luck as much as anything as to whether you get a job. There are so many people wanting to get into the industry, and many with lots of money to throw at the problem.
If you want a guaranteed job for your son, then this is not the path to tread.
Also, how serious is he? If he wants it badly enough then surely he will work for it, and save up the money by working in another sector first. Does he even have a PPL yet? Has he tried any gliding? There are many of us out there who have taken what seems a longer route to the cockpit, but we have done it without parental handouts or large amounts of debt. Too many young kids seem to think it is OK to take funds out of the bank of mum and dad.
Please, please do not pay for young Johnny to go to an overpriced training school, promising soup to nuts training, and some kind of 'airline placement' at the end of the course.