I graduated from an MPL a little under a decade ago.
The type rating is an integral part and without it you do not have a licence at all. There was a clause in the contract that in the event the sponsor airline couldn’t provide a type rating, the training organisation would convert our (incomplete) MPL to an ATPL. This clause came about to mitigate the risk of the airline being unable to employ the cadets, as was the case with the first MPL students of Sterling Airlines. From what I gather on this forum, this guarantee has sadly not become an industry standard.
To those MPL cadets reading this who have been disadvantaged by current circumstances, you have my deepest sympathy for what must be an extremely stressful and upsetting time. I would encourage you to pause before spending any more money on training. I hope that in the months and years to come, the airlines will do the right thing and continue your training.