I think PAL should at least guarantee employment to their students. If they'll be training the "best pilots in the country" (READ: Through these portals pass the BEST PILOTS IN THE PHILIPPINES) wouldn't it be rational for them to secure ther graduates' future?
The tuition is very pricey and you might even shell out additional funds in the end because PAL might not be hiring by the time you graduate.. You'll have to look for ways to keep yourself current by taking a flight insructor course, renting a plane or getting a paying co-pilot job.. That's additional expense on top of your tuition and other expenses at PAL Av.
Plus, the wait would be very very very long as you'll find yourself queueing behind those guys currently training in Clark.