President Barack Obama was on Late Night with Jimmy Fallon last night (well, this morning) at the University of North Carolina. Part of his appearance was a "Slow Jam" of the news, where he sold his idea of halting an increase in interest rates on college students' Stafford loans. 

Slow Jam is a recurring bit where Jimmy and a guest talk about a serious issue to smooth music by his house band, The Roots. This time, the bit was strictly partisan in nature. "Their position is that students just have to make this rate increase work. Frankly, I'm not buying it," said Obama, the straight man in the gig. "Ummm, umm, umm, the Barack Ness Monster ain't buyin' it," responded Jimmy, trying to hold back a laugh as usual.

Later, one of the Roots sang "If Congress don't act, it's the students who pay, the right and left should join on this like Kim and Kanye."

In a more formal interview segment, Barack admits he has little time to watch much comedy - he said his last favorite comedy was Groundhog Day, which he noted came out before most of the college students present were born. However, The President said a popular clip was a Key & Peele skit that features a Barack impersonator as his "anger" assistant, who repeated whatever he said in an angrier tone.