Expanded GMAT Fee Waiver Program Launched

Prospective B-school students whose financial situations prevent them from paying the $250 fee for the GMAT exam will have a chance to take the test for free, the Graduate Management Admission Council has announced. This initiative builds on an existing program that helps people cover the cost of taking the GMAT.

The new fee waiver program will permit business schools to offer free access to the standardized entrance exam to a limited number of prospective students.  Each school must apply for the waivers, and the school itself determines which applicants are eligible.

If you would like to get a GMAT fee waiver, check your target school to find out if they already have a program to help economically disadvantaged applicants. With this program, GMAC takes a lot of the burden off both schools and the underrepresented applicants’ shoulders.  For more information, read the fee waiver .pdf here.

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