WASHINGTON -- An investor group that has been nibbling away at the student loan maret has bankers increasingly worried that it will take bigger bites out of the business, leaving banks with little more than crumbs.

The lending venture, CollegeCredit, was founded with the U.S. Department of Education's blessing in 1990.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.