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Most of the time, things such as your job background, and home might be checked. Loans werent always processed in this way. Prior to 2010, in fact, guaranteed private student loans were common, and they were backed by the federal government. The private bank originated the loan, but the government would step in if the student defaulted. When this program was eliminated in 2010, some elected officials claimed that the work would eliminate all banks in the country, but that hasnt happened. In fact, there are still guaranteed private student loans available, but they work in a much different way. If you are a CAB installment customer, the rebate shall be calculated by multiplying the percent discount off the actual CAB fees paid on your loan. The loan must be paid in full to receive rebate. Rebate shall be paid via bank account ACH credit upon full repayment of the loan.