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In this video, Bethany and Deepa from the Cognito Forms team introduce a scholarship application template designed to streamline the scholarship application process. The template serves as a comprehensive tool for scholarship committees to collect student information, verify qualifications, and award multiple scholarships efficiently. It features two roles: the student, who interacts publicly, and the scholarship committee, which operates internally. Students begin by accessing an introduction page before filling out their background information and demographics. The workflow enhances interaction and minimizes external communication, making the application process more organized and effective.