To my understanding, your application will be scored as soon as it is received. Your candidacy for the scholarship is at same level just like everyone else. (ex. someone who is already in medical school) And if you are selected, your scholarship will be a tentative offer, pending background check + mobility agreement + final acceptance status. Scott emailed me back saying that, as long as they have a final acceptance update from med school before your start date of medical school, you will be fine.