Although two-year institutions enroll over 25 percent of all full-time college students and over 53 percent of all first-time full-time freshmen from families with incomes of less than $10,000, they receive less than 16 percent of United States Office of Education student loan funds, and a similar percentage of Basic Educational Opportunity Grants. This document presents two possible reasons why disproportionate aid is awarded to community college students: (1) the common belief that community college education is free, and that students do not, therefore, need financial assistance; (2) the argument that money should be available through employment, a spouse's employment, or other resources, since more than half of community college students attend school on less than a full-time basis. These reasons are refuted, and a method of revamping the student financial aid system in the community college is suggested, focusing on the hiring of a skilled financial aid administrator, and a trained financial aid staff. Finally, the author reasserts the need for student financial aid in the community college. (NHM)