I applied last August and was invited for a TEFL program starting in June. I have a BA, a MPA, a TEFL cert, an internship working with abused kids, and just over a year and a half experience teaching English abroad. I was given the impression that I was very qualified but I don't necessarily think I am the most qualified person in my cohort, which includes numerous people with professional experience. I would recommend getting substantial experience tutoring before applying. It seems like people who have great qualifications are being turned away recently. You might want to look at the positions posted and the requested skills and use that to your advantage if you have a language skill or some other unique experience that makes you stand out. I also think there are new positions going up in May!