It's not very competitive because you're not competing for anything. You pay for your own college and you're released from Active Duty. It's actually a very good deal for the Army. Since you're eligible to enroll in Simultaneous Membership Program through the Reserve component, it's a good deal for them too.
It isn't competitive at all, there are unlimited slots. As long as you are accepted to a university as an academic junior, accepted by the PMS of the ROTC program, and approved to participate by your company and battalion commander, you will be selected to participate.
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