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The tutorial explains how to apply for financial aid on Coursera to receive a free certificate after completing a course. The video demonstrates the process step-by-step, showing how to choose a course, apply for financial aid, and wait for the application to be reviewed. Viewers are guided on how to select a course, such as management, and apply for financial aid to access the course content for free. The application for financial aid may take up to 15 days to be reviewed before receiving the certificate.