How Much Does the GMAT Test Cost?

How Much Does the GMAT Test Cost?

The Graduate Management Admission Test (GMAT) is used by business schools to assess the academic abilities of program applicants. Learn about the cost of the GMAT and find out how to prepare for the exam.

GMAT Registration and Rescheduling Fees

The registration fee for the GMAT is $250. Students who need to change their test date after registering can do so for an additional fee of $50 if they reschedule more than a week in advance. Students who change their test date less than seven days before the test will be charged an extra $250.

Additional Fees

Students who need additional score reports (Five reports are included with the registration fee.) can purchase them for $28 per report.

If students cancel their GMAT appointments more than a week before their test, they will receive an $80 refund. None of the registration fee will be refunded if students cancel within a week of their scheduled test date.

For any registration services rendered by phone via the Graduate Management Admission Council (GMAC), which administers the GMAT exam, an extra $10 fee is charged.

Payment Methods

Students can pay for the GMAT online by using a credit card or debit card. For payments submitted via personal check, money order, or cashier's check, these special requirements apply:

• The GMAT Scheduling Form, located on the registration website, must be submitted with the payment
• Checks must be in US currency and draw from a US bank

While GMAC does not offer a fee reduction directly to low-income students, many higher education institutions have access to vouchers and waivers that can be used to take the GMAT for a reduced fee. Students should check with their academic advisors or the schools to which they're applying to assess a school's ability to help pay for the GMAT exam.

Test Prep Resources

Students looking to save money on the costs associated with taking this admissions exam can check out the free or low cost study materials on the GMAT website. Practice tests and a handbook outlining the registration process, exam structure, and testing rules are among the resources available.

Low cost review materials are also available from Study.com. This site offers a GMAT Test: Online Prep and Review course written by educational experts to help students raise their scores on the GMAT. With more than 200 video lessons and quizzes, as well as helpful study tips, students can cover all of the main subjects found on the GMAT. Fitting in time to review for the GMAT is made easier with these condensed lessons, which last about eight minutes each, and a mobile-friendly format that students can access from wherever they are.