While the school cannot guarantee you a job in the end, they can at least guarantee that, if things go south, you'll graduate jobless but with a transferable qualification. Why would they even offer you an MPL for an airline which is no longer interested in hiring you, at least not anytime soon? The one and only right thing for them to do would be to offer those continuing their training a free switch from the MPL to the ATPL programme, so that they graduate with a licence that's actually usable outside EZY.