From GMAC's blog: http://gmac.mediaroom.com/index.php?s=43&item=106 Expanded GMAT Fee Waiver Program Launched by Graduate Management Admission CouncilNew Program Enables Business Schools to Provide Free GMAT Registration to Applicants Unable to Afford Testing Fee
Hundreds of business school aspirants around the world will have the opportunity to take the Graduate Management Admission Test (GMAT) at no cost under a new program from the nonprofit organization that created and administers the exam. The initiative builds on an existing program that helps people cover the cost of taking the GMAT.
The new fee waiver program permits business schools that use the GMAT to offer free access to the standardized entrance exam to a limited number of prospective students whose financial situations prevent them from paying the $250 fee on their own. [Comment: Actually it is only available to 10 people per calendar year per school, so not that many people will be able to take advantage taking into consideration some schools get thousands of applicants]
The fee waiver program is underwritten by the Graduate Management Admission Council (GMAC), an international association of business schools that created the GMAT more than 50 years ago expressly to meet the unique requirements of management education programs. Participating schools will determine rules to select people to receive the fee waivers.
“The world needs talented managers,” said Julia Tyler, executive vice president of member services and school marketing for GMAC. “The fee waiver program reflects GMAC’s commitment to helping people with talent enter management education, whatever their financial circumstances.”
The GMAT is unmatched in its ability to predict how well prospective students will perform in business school. The exam is used by thousands of MBA and other graduate business programs at nearly 1,900 schools on six continents to objectively assess verbal and quantitative skills in applicants. Prospective students took the GMAT a record 265,613 times during the testing year that ended June 30, 2009.Note: GMAT Test takers cannot apply for the waiver directly - only schools can apply for waivers from GMAC and then can distribute up to 10 discount codes per year to underprivileged GMAT test takers who cannot afford the test fee.
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