Due to ever-increasing college tuition rates, a poor job climate for college graduates and an average post-graduation loan debt of more than $25,000 per student, the issue of student loan interest rates is becoming increasingly crucial to this year’s Presidential race. Both Democrats and Republicans are vying to earn the support of college-age students and their parents as we get closer to Election Day.

Read more on the student loan debate here and click the video below to watch President Obama address the issue during a recent appearance on the Jimmy Fallon show.