If you were eligible and applied before June 1st, then you should have received an update in Creator Studio with more information. If your application is being held for an additional review, then you'll get another update in the near future! Latest update: https://goo.gl/2icqfh
As long as you meet the eligibility and program thresholds, you can expect to hear back in a month or so. Please note that all applications are still manually reviewed, so it does take a bit of time!