Can I receive a fee waiver or discount if I need to retake the GMAT ex...
Can I receive a fee waiver or discount if I need to retake the GMAT exam?
Fee Waiver for Retaking the GMAT Exam
If you need to retake the GMAT exam, you may be wondering if you can receive a fee waiver or discount. The Graduate Management Admission Council (GMAC), the organization that administers the GMAT, does not currently offer fee waivers specifically for retaking the exam. However, there are a few options that may help reduce the financial burden of retaking the GMAT.
GMAT Fee Waiver Program
The GMAC does offer a fee waiver program for individuals who can demonstrate financial need. This program is designed to provide access to the GMAT exam for those who would otherwise be unable to afford it. The fee waiver covers the entire cost of the GMAT exam, including the registration fee and the fee for sending your scores to up to five programs. To apply for the fee waiver, you will need to provide documentation of your financial need, such as proof of income or unemployment benefits.
GMAT Retake Discount
While there is no specific fee waiver for retaking the GMAT, the GMAC does offer a retake discount. If you need to retake the exam within 16 days of your original test date, you are eligible for a $50 discount. This discount applies to the registration fee only and does not cover any additional fees, such as the fee for sending your scores to programs.
Other Potential Discounts
In addition to the GMAC's retake discount, some test prep companies and educational institutions may offer their own discounts or fee waivers for retaking the GMAT. These discounts vary and may be available for a limited time or to specific groups of individuals, such as students or military personnel. It is worth exploring these options to see if you qualify for any additional discounts.
Conclusion
While there is no specific fee waiver for retaking the GMAT, you can explore the GMAC's fee waiver program if you can demonstrate financial need. Additionally, taking advantage of the GMAC's retake discount and exploring other potential discounts offered by test prep companies and educational institutions can help reduce the cost of retaking the exam.
To make sure you are not studying endlessly, EduRev has designed GMAT study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in GMAT.