Whats Wrong With My Xbox 360 Cooling Fan?

You know on the back on your xbox 360 how in the system you can see a fan that is suppost to cool the system as you play it. Well just yesterday I turned my 360 on and the fan, not the disc drive, started making this wierd griding/loud noise. So I shut off my system and tapped on the top (gently) and turned the system back on. The noise had stopped, now today I turned it on and the noise came back, so I shut off the system, tapped the top again (gently) and turned it back on, the noise is gone. I’m worried that this might be a big problem, is it? How do I fix it perminately, and without sending to Microsoft?
Okay cool. :-)