Did you notice any ball bearings on the floor? The column travels in and out on a upper and lower set contained in a plastic housing. The bearings are contained in a "V" channel with a stop at each end. The cable refered to stops the column from hitting the bearing stops and breaking them off (been there). If you are mechanically inclined, you can do it. It's easy to take the column out of the car but the actual repair is moderately hard to do. While it's out be sure to replace the potentiometer (common for it to crap out) and don't rotate the wheel, you'll break the clockspring.
To lscgoddess98, If it's making noises when it travels in and out, lube it now. It will fail fairly soon. (But then I've seen your pic [hot], mabey that's why it's groaning)