I spoke with an advisor a few weeks ago and she says it's not first come first serve. It's based off GPA and HESI scores - once the requirements are met of course. I don't know if I was misinformed there. I wouldn't be surprised.
No it is not first come first serve. Once the applications close, they will review all apps and those who meet requirements will have a chance. BUT then they will choose the top students from that pool based on GPA and HESI scores.