Preoperative prognosis of Ependymoma is critical for treatment planning but challenging due to the lack of semantic insights in MRI compared to post-operative surgical reports. Existing multimodal methods fail to leverage this privileged text data when it is unavailable during inference. To bridge this gap, we propose HyperPriv-EPN, a hypergraph-based Learning Using Privileged Information (LUPI) framework. We introduce a Severed Graph Strategy, utilizing a shared encoder to process both a Teacher graph (enriched with privileged post-surgery information) and a Student graph (restricted to pre-operation data). Through dual-stream distillation, the Student learns to hallucinate semantic community structures from visual features alone. Validated on a multi-center cohort of 311 patients, HyperPriv-EPN achieves state-of-the-art diagnostic accuracy and survival stratification. This effectively transfers expert knowledge to the preoperative setting, unlocking the value of historical post-operative data to guide the diagnosis of new patients without requiring text at inference.