If you’re concerned about finances as you’re applying to business school, affording the GMAT fee can be a serious challenge. After all, the GMAT is expensive: It costs $250 to take the exam, and you’ll have to pay the full fee every time if you want to take the test more than once.
Unfortunately, GMAC doesn’t offer GMAT fee waivers directly to applicants, but you do have options for getting your GMAT fee waived or reduced. In this article, I’m going to talk about your options for GMAT fee waivers, how to get them, who qualifies, and other money saving tips to make your GMAT prep more affordable and accessible.