With the still under-construction Barclay's Center behind him, hip-hop mogul and Nets part-owner Jay-Z reacts during a news conference in the Brooklyn borough of New York, Monday, Sept. 26, 2011.

*While hosting a charity carnival last night in NYC, Jay-Z dished on becoming a dad, how he’s helping kids afford college and why he’s still hoping Obama gets reelected, reports E! Online.

As for expanding his family with Beyoncé, Jay-Z says he’s as amped as his wife.

“I’m excited! I think that is pretty easy,” he told reporters at Pier 54 Thursday night. He was also excited about being able to share his success with others. “Someone emailed me this morning and said ‘Some people climb the ladder and grab the ladder. And some people pull more people up the ladder and you are a person who pulls more people up the ladder.’ I was very humbled by that,” Jay said.

The Shawn Carter foundation provides full scholarships to kids who can’t afford college on their own.

“If you want to be lazy, that’s a different thing. But if you apply yourself and do everything that you have to do to get to a certain point and can’t go further because of your financial situation, I think that is a shame,” he said.

Speaking of money, Jay said he may move to Brooklyn like his basketball team, the New Jersey Nets…if he can afford it!

“I have been thinking about it, but the prices over there are really high,” he laughed. “It’s not like before!”

The mogul also shared that he’s still rooting for Obama to get reelected but admits he’s got his work cut out for him.

“I still think he is the best man for the job,” he explained. “Yes, I think he got a raw deal and a bad economy. You wouldn’t be given anything you can’t handle so he must be really special, because he has a lot of work to do!