Watch Michelle Obama Tell Kid Interviewers She Will NOT Run for President: 'We're Out'

"We're out," First Lady Michelle Obama assured a little boy about leaving the White House for good

President Obama and the First Lady open up about their life together and last days in the White House. Subscribe now to get instant access to this exclusive interview plus the events and people that shaped 2016, only in PEOPLE!

When the Obamas pack up and move out of the White House in six weeks, they’re saying goodbye — for good.

While answering questions from kids, First Lady Michelle Obama — who is interviewed alongside husband President Barack Obama for this week’s PEOPLE cover story — decisively ended speculation that she’d ever vie for the nation’s highest office.

“No, I’m not gonna run for president,” FLOTUS responded to 8-year-old Absalon’s inquiry, after the president joked that the query sounded “prompted.”

Watch the full episode of People at the White House: The Final Interview here now on the new People/Entertainment Weekly Network (PEN). Go to PEOPLE.com/PEN, or download the PEN app on Apple TV, Roku Players, Amazon Fire TV, Xumo, Chromecast, iOS and Android devices. To read more on the Obamas’ interview, pick up this week’s issue of PEOPLE on newsstands Friday

The first lady continued, “No, I’m not gonna run for president, but what I want to make sure you do is that you go to school, you get good grades, because we’re looking to you to possibly be a president one day, too.”

“But you can’t do that if you don’t study and do your homework and listen to your parents,” she advised, before adding, “But we’re out.”

RELATED VIDEO: Watch People at the White House: The Final Interview with The Obamas in full here

President Obama gave similar advice to 5-year-old Amira, who wanted to know how to make it to 1600 Pennsylvania Ave.

“The most important thing is for you to work hard, and to study in school and to care about people and to start helping them,” POTUS said. “If you are caring about other people and treating them well then you may end up being president some day.”