One of the best ways I found to lower the costs associated with taking the GMAT is to work at getting a tutoring service to cover the exam fees. I did this by hiring a tutor who lived across the street from my house. He worked full-time so I could get help with homework, prepare for test days, and other things that I needed to be successful on the GMAT. This worked out well because he was able to cover my tutoring fees and my school was not required to pay the tutor.
Another way I was able to take care of my exam fees and obtain an MBA was to make sure I paid my school as early as possible. I believe the sooner you can start paying your fees the more time you have to prepare for the test. I started paying my fees as soon as the GMAT was offered. I also waited as long as I could until my school’s payment plan started so that I could maximize the amount of time I had to prepare. After I received my MBA I again paid my school as quickly as possible so that my exam scores would not affect my ability to get hired.
By doing these two things, I was able to save quite a bit on exam fees. However, they did come with strings attached. I ended up having to pay nearly double the amount of money that I had initially borrowed just so I could take the GMAT. Since I got an MBA, it no longer makes as much sense to pay a fee to take the exam. I just wish I could undo the action that I took.
In order to keep from having to pay too much for your exam fees, it is important to understand what the fees are and how they are assessed. You may be able to get a flat fee which is the most common type. Some schools will assess your fees by the number of credit hours you request, some will look at your level of experience, while others will look at both factors.
You can find out about the fees assessed for the GMAT in the school’s Financial Aid office. They should have a brochure or website that will explain the fee structure. Once you understand how your fees are assessed, it will be easier for you to evaluate whether or not you need to increase your chances of qualifying for GMAT. There are two types of fee structures that are used in GMAT. There are a flat fee structure and an expedited fee structure.
If you take the GMAT exam on campus, you will be charged a flat fee that covers all the paper work, study materials, and testing supplies necessary to pass. There will be some requirements such as having a score point average of at least GMAT 700 in order to receive a fee. In addition to this you will have to pay for any test-specific services such as a counselor, paper tests, and the like. You will also be responsible for paying for any GMAT tutoring you request.
If you take the exam online for free there will be no GMAT exam fees assessed to you. Instead, your fees will be assessed to your hosting provider. They will send you an invoice each month, which will include everything from the date and time you took the examination to the amount for examination materials and services. There is typically nothing left to pay but your registration fees and a small one time exam fees payment.