Okay, I'm getting a Loan from a lender bank for College and my documents was filed for "Bank of America" and..?

now, my Grandma suggested I change it to Wachovia, so I did AND already sent the Master Promissary Note to them yesterday! I think my Bank of America document has been processed, so I might get student loans from them both and I DON'T WANT TO! The offices at my college said at Graduation, one of the banks would send me a "Consolidation Letter" and if I say yes to the letter I would only have to pay back 1 of them (like I was supposed to anyway). So, my question is, what exactly is this "Consolidation?"

consolidation is not something you would do now, that is for after you graduate. If it is a Federal Stafford Loan, your school can only certify ONE federal loan, and they can only keep ONE federal loan for you. If they keep both the Bank of America Loan and the Wachovia Loan, they are violating federal regulations. Go to the financial aid office and ask to speak to a financial aid counselor, assistant director or someone like that. Often the first contact in the financial aid office is student worker or temp employee who may have misunderstood what you were asking.

Even if both loans have come to the school, your school would still send one back for you.