If you were eligible & applied before June 1st, then you should be receiving an email update in Creator Studio with more info. If your application is being held for an additional review, then you'll get a second update in the near future! Latest update: https://goo.gl/2icqfh
My application is going for a review? Why is this? Does it mean I won’t get monetised? How long will it take for YouTube to email me now?!