Good stuff
Hey there I really enjoyed listening to this song. I do hear 3 or 4 separate chord progressions throughout but I think they have been put together so they dont jar your ears. I liked the bit around 1:50 when the drums are cut out with a short partial piano scale, its a good touch. I can definitely see this as being a song for a game menu; nice work on looping it.
The percussion is interesting as well but could possibly use a little variance on the samples used in key places (or a bit of well placed filtering?). It might even sound interesting to change the beat to a slow more traditional groove just after the 1:50-2:20 part. That might give it a little more interlude flavour and break up the rhythm into more distinct pieces in the song. If you choose to change the song or not it sounds great as it is now, excellent job. Hope the scholarship application is succussful!