I'm starting college this semester, so I'm new to the whole financial aid thing. From my understanding, you have to apply for aid every year.. Sooo, it runs from Fall '11 thru Spring '12.. and I'm getting loan offers for Fall '11 too even though I didn't attend at that time.. If I accept the loan offer, will I receive money for '11 and '12? Sorry if that doesn't make much sense, like I said, I'm new to this. Ask if you need more details!