Dec 14, 2016 06:18 AM EST By Emily Marks, UniversityHerald Reporter

Research by the New College of Humanities has revealed that majority of students are willing to pay more for tailored teaching at university. This comes amidst the rise of higher education fees.

It was previously reported that students in the U.K. are struggling to finance their higher education. Majority of students in the U.K. are relying on credit cards and payday loans to pay for their higher education.

One survey asked 1,000 full-time students and 31 percent revealed how they turned to credit cards, overdrafts and payday loans for expenses while in university. Unfortunately, the data also revealed how some students do not see payday loans and credit cards as forms of debt.

70 percent of students also admitted that the loan they got from the government was not enough to cover university costs. The research notes growing concerns on how students are forced to turn to alternative means just to be able to get a degree.

However, recent research by the New College of Humanities found that students are willing to pay more if universities would adopt a more personalized approach to teaching. According to Telegraph, a survey of 1,000 prospective humanities students and graduates found that 44 percent would pay a premium for more tailored teaching.

68 percent of the participants admitted that they wanted to see more contact hours and feedback on coursework in person, rather than through email. 45 percent revealed their disappointment at their professors' lack of involvement in terms of their academic work.

The research comes as the government aims to introduce the Teaching Excellence Framework (TEF). It will be a new way of ranking universities, through gold, silver or bronze for their performances.

It will be launched in the middle of next year to give universities a grace period of a year to check if they are eligible to raise tuition fees. Fees are expected to go rise above £9,500.

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