It's faulse economy to by an NTSC cam for use in a PAL country.
All your footage will be locked into the NTSC format and should you possibly wish to incorporate footage from other sources when editing your projects for your course then these will have to be NTSC.
To convert NTSC to PAL in software is not easy, results can vary widely and as has been said before there will be a loss of quality, especially if you have fast moving footage (pans/zooms/moving objects), it will just look horrible.
Best buy PAL especially if it's for a Uni course