April 20th, 2012
10:02 AM ET
(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:
It is the president’s first appearance on the show, though First Lady Michelle Obama was a guest in February.
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.