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This video tutorial provides guidance on applying to graduate school and obtaining scholarships. The key point is that most scholarships require an essay, which is crucial in determining whether you receive the scholarship. The speaker, a university professor, has reviewed numerous scholarship applications and offers tips on writing a strong essay to increase your chances of being selected. The most common essay question is typically about yourself and why you are applying for the scholarship. The video also includes advice on how to make your application more competitive.