The GMAT exam fee waiver is a great opportunity for students facing financial difficulties, offering relief from the exam fees. However, it’s important to note that the process is not as simple as applying directly to GMAC. Instead, business schools play a crucial role in determining eligibility and distributing the waivers.

Let’s now understand the eligibility criteria for the GMAT fee waiver and the application process:

GMAT Fee Waiver Eligibility Criteria

The GMAT fee waiver is a valuable option for students from financially underprivileged backgrounds, helping to reduce the financial burden of taking the exam. However, while anyone can apply for the waiver, GMAC doesn’t allow direct applications. Instead, it's the business schools that determine the eligibility and grant the fee waivers.

Here's a quick look at how GMAT exam fee waivers work:

• GMAC allows business schools to decide who is eligible for a fee waiver.

• Schools can request up to 10 fee waivers per year.

• Each school sets its own criteria for financial need.

• Applicants must prove their financial need to the school.

• Either the candidate's undergraduate institution or MBA program can request the fee waiver on their behalf.

• Candidates should check with the school’s financial aid department to confirm eligibility.

• Schools decide both the eligibility and the amount of the fee waiver.

• A financial need statement explaining why the candidate cannot afford the GMAT fee is required for the application.

How to Apply for GMAT Fee Waiver?

GMAT exam Fee waivers need to be requested by a Director or similar position and are only available to programs that accept GMAT scores. The application process for GMAT fee waivers involves several steps, and it’s essential to follow the school’s guidelines to increase your chances of approval.

Here's how to apply:

• Check with the School: Before applying for the fee waiver, reach out to the financial aid department of the business school to confirm if they offer GMAT fee waivers and understand their specific criteria.

• Submit a Financial Need Statement: You’ll need to provide a detailed financial need statement explaining your economic situation and why you cannot afford the GMAT exam fee.

• Request Through the School: As an applicant, you cannot directly request a fee waiver from GMAC. The request must be made by a Director or similar authority from the school or program you're applying to.

• Provide Required Documentation: Be prepared to submit any required documents such as proof of financial hardship, academic records, or other supporting materials that may help justify your request.

• Wait for School Approval: Once submitted, the school will review your application and determine whether to approve your GMAT fee waiver request. They will also decide the amount of the waiver if granted.