Obama To Talk Student Loans With Jimmy Fallon

By: CNN Posted By Doug Brown
By: CNN Posted By Doug Brown

(CNN) – President Obama is heading back to late night television next week, set to appear on comedian Jimmy Fallon’s show as part of a week-long push to pressure congressional Republicans to renew a measure keeping student loan rates at 3.4 percent.

News of Obama’s appearance on the popular late night comedy show came via Twitter from both Fallon himself and White House Communications Director Dan Pfieffer Friday morning:

Fallon, whose audience skews toward the younger demographic Obama is hoping to reach, will speak with the president while he is at the University of North Carolina-Chapel Hill Tuesday. Obama’s stop there is one of three colleges he is visiting Tuesday and Wednesday as Congress gets set to consider whether a 2007 provision that cut student loan interest rates in half should be allowed to expire.

While the measure garnered bipartisan support five years ago, Republicans are concerned with the significant costs of extending it. According to the Congressional Budget Office, extending the lower rate for an additional year comes with a price tag of $6 billion to the U.S. government.

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