Jimmy Fallon and President Barack Obama slow jammed the news on Stafford loans. | Source: Shutterstock

Last night on Late Night, Jimmy Fallon and President Barack Obama slow jammed about an a very hot topic: student loans.

The “Preezy of the United Steezy” and Jimmy Fallon (accompanied by The Roots!) described a plan to stop Stafford loan interest rates from doubling this year–if that happens, it’ll cost girls and guys like you an extra $1,000 bucks to go to college (and um, we’re already struggling to pay!).

We’d love to see college get even cheaper, but have to say thank GOD someone (Oh, HI President Obama!) is realizing that we can’t afford to make it even more expensive.

We loved seeing Obama on Jimmy Fallon. Check out their slow jam of the news below (complete with a hysterical Kim and Kanye reference)–and watch for the POTUS’ sweet mic drop at the end!

Want To Know More About Student Loans? Check This Out!