Foote Fellows at University of I have a chance of being accepted?

I have applied to UM and just heard about the Foote Fellows program and it sounds amazing. Wondering if I have a chance of being offered admittance?

I have 1560 SAT, 35 ACT, 4.0 unweighted GPA and 5.91 weighted GPA, good ECs and will have taken 9 AP’s when I graduate. I am in top 10% of my class and am a National Hispanic Scholar and a National Merit Commended Scholar as well.

Anyone know what criteria they use to determine if they will offer you a Foote Fellow? Thanks