As i understand it you do get a job. Thats why you pay epst. They give you a type rating then look at the likes of ryanair, easyjet and the like to see who needs pilots.
I think - but cant be sure - that if you dont get a job in 18 months you get some/all your money back....but that was before the 11th... Give them a call. Cabair may be able to put you in touch, although EPST are'nt sending sponsored students there now - Jerez i think.