its pretty simple-
1. in school/online presentation
2. online application
3. if you make it past the online application you have a phone interview
4. character auditions if you want to be a character.
for my application/acceptance into the fall 2010 cp i did the online presentation one evening, the next morning i filled out the online application, passed it, and setup the phone interview, a week later i had the phone interview, and two weeks after that i got my acceptance email and the next day i got the package in the mail.
for the online application- be truthful and fill it out as yourself.
on the phone interview- remember to smile, mine was 25-30 minutes long and they asked me many questions about past jobs, hobbies, if i like to talk, if i had acting experience, etc.