There is a number of advantages of MIPSfpga over RISC-V and OpenRISC including:
1. MIPS architecture is better supported by textbooks. It is used as the example of architecture _and_ an example of microarchitectural implementation in Patterson & Hennessy and in Harris & Harris
2. MIPSfpga shares Verilog source code with MIPS microAptiv UP - a commercial core that has many licensees including Microchip Technology. The university professors do have interest in teaching their students with an industrial core, not some subset or a core created in academia and not tried in industry much.
3. MIPS architecture has large ecosystem (a dozen of commercial RTOS-es, Linux, compilers, etc)
The main idea is: the students can play with the core, create multicore systems, modify caches, etc. If they invent something useful, they can attract venture investment, buy a commercial license for MIPS microAptiv UP and create their own ASIC design company.
(The code in MIPSfpga is not FPGA-specific. It uses Xilinx and Altera macros for memory in caches, but with small modifications it can be used to make an ASIC)