Obama picked the Tar Heels to win the title before the tournament.
During his campaign, the President played a pickup game with the team last spring.
North Carolina was the only one of his Final Four picks to make it to Detroit, but the Tar Heels' 89-72 win against Michigan State allowed him to finish in the top 20 percent of the 5 million-plus people who entered ESPN.com's pool.
The win was the fifth NCAA championship for the Tar Heels and the second in five seasons.
Last month, the UNC basketball team was also recognized for their national championship victory by Governor Bev Perdue and Chapel Hill.