Paulite, I don't know the implications of such but if you're still in college, find out from your Intl Advisor as he/she would be the best resource here.  Personally, I don't think it would be much of a issue in getting this rectified.  All the best.

Here's one from SF State University's page that shows that a fee would be necessary to obtain a lost i-94:

http://64.233.169.104/search?q=cache:1lbAvDlT3bAJ:www.sfsu.edu/~oip/handoutsdocs/replacei94.htm+lost+i94&hl=en&ct=clnk&cd=7&gl=us