I've used the student discount like crazy over the years to get all my computers throughout my grade school and current high school career. As you have noted Apple does not make a major effort to check anything to ensure that you really are an actual student. Anytime I use the discount, they do not check other than the "I Accept" panel prior to purchasing your items. They do not send the item purchased to your school, you can get the item sent to the location you choose, but I believe that a signature is required to acquire the package, so take that into account.
Hope this helps!
Tom Frank
Why reward points? ( Quoted From Help & Terms of Use)
"The reward system helps to increase community participation. When a community member gives you (or another member) a reward for providing helpful advice or a solution to their question, your accumulated points will increase your status level within the community."
"Members may reward you with 5 points if they deem that your reply is helpful and 10 points if you post a solution to their issue. Likewise, when you mark a reply as Helpful or Solved in your own created topic, you will be awarding the respondent with the same point values."