As I stated - no risk to Flybe. You pay, they merely 'watch'.
You pay £56k, they pay £19,800. I would say that for 6 students flybe have taken a risk of nearly £120k. It's not exactly peanuts.
Who wants an MPL? Useless for anything if Flybe change their mind!!
Up until you get an unfrozen ATPL at 1500 hours perhaps, but how are flybe going to recover their investment in you if they do change their mind and cast you aside?