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Obama 'slow-jams' the news with Jimmy Fallon at Memorial Hall

President Barack Obama laughs as he tapes an appearance on the Jimmy Fallon show at Memorial Hall on the UNC campus in Chapel Hill, N.C. Tuesday April 24, 2012. POOL PHOTO/CHUCK LIDDY/ THE NEWS & OBSERVER

After giving a policy speech about student loans in Carmichael Arena, President Barack Obama took a more musical approach on the issue Tuesday by ‘slow-jamming’ the news with Jimmy Fallon.

Obama, who was a guest in today’s taping of “Late Night with Jimmy Fallon,” participated Tuesday in a musical number with the renowned talk-show host and comedian.

Fallon announced to the audience that he wanted to “slow-jam the news,” to which the president responded:

“I’m president Barack Obama, and I, too, want to slow-jam the news.”

Obama described the importance of keeping student loan interest rates low, while Fallon sang about Stafford loans and a blues band performed behind them.

The performance brought the audience — filled with UNC seniors — to its feet with applause.

Obama and Fallon went on to banter about the Secret Service, Obama’s college days and his most embarrassing moment in his presidency.

Fallon also asked about Mitt Romney, the Republican front-runner in the primary race.

“I’ve met him, but we’re not friends,” Obama said. “His wife is lovely.”

Obama went on to mimic his earlier policy speech about the importance of keeping student loan interest rates down.

The show was taped at Memorial Hall at 2 p.m. It will air at 12:35 a.m. tonight.

Obama departed Chapel Hill at 3 p.m. for Colorado.

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