President Barack Obama made his first appearance on Late Night with Jimmy Fallon Tuesday. During the show, which was taped at the University of North Carolina at Chapel Hill, Obama joined Fallon to slow jam the news (a job typically reserved for Brian Williams), and in doing so, he managed to make the issue of interest rates on student loans totally sexy. The president also answered questions submitted from fans via Twitter and shared an embarrassing moment with the Late Night host.

Obama (or as Fallon calls him, the "Barack-ness Monster") is no stranger to late-night television. In 2009, he became the first sitting president to visit a late-night talk show when he was a guest on The Tonight Show.

Watch Obama and Fallon slow jam the news:

Check out Obama talking about an extremely embarrassing moment: