A. When you’re applying for an education loan, employment verification is done to authenticate the employment details of the loan co-signer. A co-signer of the loan is usually the student’s parent/guardian or spouse. Banks hold the responsibility of verifying the employment information provided which you will provide. In order to get your loan application approved, it is essential to provide the correct and genuine information so as to avoid rejection. Your application might face rejection if any discrepancy is found.