Refund or Fee Credit for GMAT Cancellation or Rescheduling

Introduction:
When unforeseen circumstances arise and you need to cancel or reschedule your GMAT exam, you may wonder if you are eligible for a refund or fee credit. The policies and options available vary depending on the circumstances and the time frame in which the cancellation or rescheduling request is made. In general, the Graduate Management Admission Council (GMAC), the organization that administers the GMAT, understands that unexpected situations can occur and provides some flexibility for test-takers.

Refund Policy:
1. Before scheduling the exam: If you cancel your GMAT appointment more than 7 days before the scheduled date, you can receive a partial refund of $80. However, the initial registration fee of $250 is non-refundable.
2. After scheduling the exam: If you cancel your GMAT appointment within 7 days of the scheduled date, no refund will be provided. The entire registration fee is forfeited.

Fee Credit Policy:
1. Before scheduling the exam: If you need to reschedule your GMAT appointment, you can do so at no cost if you make the request more than 7 days before the scheduled date.
2. After scheduling the exam: If you need to reschedule your GMAT appointment within 7 days of the scheduled date, a fee of $50 will be charged.

Unforeseen Circumstances:
1. Medical reasons: If you are unable to take the GMAT due to a medical condition, you may be eligible for a refund or fee credit. However, documentation such as a doctor's note or medical certificate may be required.
2. Natural disasters: In the event of a natural disaster or other unforeseen events that prevent you from taking the GMAT, you may be eligible for a refund or fee credit. Documentation or proof of the event may be required.
3. Technical issues: If you experience technical difficulties during the exam that significantly impact your performance, you should contact GMAC immediately. They may investigate the issue and, if warranted, provide a refund or fee credit.

Conclusion:
While a refund or fee credit may be available for GMAT cancellation or rescheduling due to unforeseen circumstances, it is essential to carefully review the specific policies and guidelines provided by GMAC. It is also crucial to contact GMAC directly to discuss your situation and provide any necessary documentation. Remember to make any cancellation or rescheduling requests as early as possible to maximize your chances of receiving a refund or fee credit.