Wrong. FAP benefits are available for 2 calendar years. But you only get 1 free AMCAS submission. BUT you can apply each year, even before your current 2-year benefits expire, up to a maximum of 5 applications.
Oshawott – you should apply for FAP right now before you register for your MCAT (using the tax forms you filed in 2015 that reflect 2014 income). So if you apply in August 2015, your benefits will extend all the way to August 2017, covering your entire application cycle.