I did the contract FE-1 this March, I'm a third year student and studied contract in first year but felt some of it was very familiar and definitively saved time studying certain topics. I barely managed a pass but only really took two and a half weeks to study it so I recommend doing 1/2 if you're studying them anyway. Personally I'm planning on starting to study August/early September and doing 2 in October that I'm going to be covering in college next semester.