D.C.-area residents have some of the highest student loan debt in the nation.

The attorney general’s office will slash the collection fees on overdue loans in half.

The independent agency would issue and refinance student loans for the city’s residents and students at D.C. colleges and universities.

Over one-quarter of D.C. residents have student loan debt.

Appearing last night on Late Night With Jimmy Fallon, President Obama popped on stage before his scheduled interview to take part in one of the show’s longrunning gags—”Slow Jam the News.”

Councilmember Harry Thomas, Jr. (D-Ward 5) may make $125,000 a year as a member of the D.C. Council, but not much of that is staying in his bank account.