Ah, the GRE – your gateway to that dream MBA program! If you’re an aspiring student, you’re probably asking yourself, “How much does the GRE cost?”
Let’s face it: education costs can surprise us, and the last thing you want is unexpected expenses. That’s why understanding the GRE Examination Cost is crucial before you start preparing. You’ve worked hard to get here, and you deserve a smooth, stress-free journey toward your dream MBA program.
It’s not just about money—it’s about feeling ready and committing to your efforts.
Taking the GRE can be quite expensive for most applicants. In addition to the test fees, you’ll also need to budget for study materials and possibly tutoring services.
So, let’s dive in!
Breaking Down the Fee for GRE
The Graduate Record Examination (GRE), developed by ETS, is widely used by graduate and business schools for admissions and fellowship decisions. The GRE General Test is a key exam for many graduate and business programs. It offers a standard measure to compare applicants from diverse academic and professional backgrounds worldwide.
Here’s a breakdown of the common GRE fees for omost parts of the world, excluding China and India, in 2024:
| Item / Service | Fee (Dollars) |
| Registration Fee | $220 |
| Additional Score Reports | $35 (per recipient) |
| Rescheduling Exam Date | $50 |
| Changing Test Center | $50 |
| Reactivating a Cancelled Score | $50 |
Note: If you cancel your registration at least 4 days before your exam, you’ll receive a 50% refund ($110). No refund is available for cancellations made within 4 days of the exam.
GRE Cost in India
| Item / Service | Fee (Indian Rupees) |
| Registration Fee | ₹22,550 |
| Additional Score Reports | ₹2,900 (per recipient) |
| Rescheduling Exam Date | ₹5,000 |
| Changing Test Center | ₹5,000 |
| Reactivating a Cancelled Score | ₹5,000 |
Note: If you cancel your registration at least 4 days before your exam, you’ll be refunded half the registration fee (₹11,275). Otherwise, no refund will be provided.
GRE Cost in China
In 2024, several GRE fees are higher if you’re taking the test in China:
| Item / Service | Fee |
| Registration Fee | $231.30 |
| Additional Score Reports | $35 (per recipient) |
| Rescheduling Exam Date | $53.90 |
| Changing Test Center | $50 |
| Reactivating a Cancelled Score | $50 |
Note: that the refund policy in China is stricter. You must cancel your registration at least 10 days in advance to receive a 50% refund ($115.75). No refund is available if you cancel within 10 days of the exam.
Side-by-Side Comparison of Different GRE Examination Cost Scenarios
| GRE Item / Service | Basic GRE | Rescheduled GRE & 1 ASR | Cancelled GRE & 2 ASRs |
| Registration Fee | $220 | $220 | $220 |
| Rescheduling Fee | – | $50 | – |
| Refund for Cancellation | – | – | –$110 |
| 2nd Registration Fee | – | – | $220 |
| Additional Score Reports | $0 | $35 | $70 |
| TOTAL | $220 | $305 | $400 |
How Much Does GRE Prep Cost?
So far, we’ve only covered the costs related to taking the GRE itself. However, preparing for the exam is crucial and comes with its own expenses. Here’s a breakdown of different GRE prep options:
Budget-Friendly Self-Study (Cost: <$20)
If you’re on a tight budget and prefer self-study, you can purchase a good GRE prep book for less than $20. Be sure to choose a high-quality book that will effectively aid your preparation.
Comprehensive Self-Study (Cost: $140 – $200)
For a more comprehensive self-study approach, there are numerous online resources and courses available. These vary in price and quality, but many offer extensive study materials and practice tests that can significantly enhance your preparation.
Classroom Courses (Cost: Free – $2,300)
Some colleges offer free GRE prep classes, which can help reduce costs. However, these classes might be basic. Alternatively, there are paid classes from companies like Manhattan, Kaplan, and Princeton Review, which offer more in-depth instruction but at a higher price.
Private Tutoring (Cost: $500 – $5,000)
Private tutoring can vary widely in cost. You might find affordable options, but for high-quality, experienced tutors, the cost can be substantial. Tutors with extensive experience and strong track records can provide personalized guidance, but they come at a premium price.
MBA House GRE Prep Plans
MBA House offers various comprehensive GRE prep plans designed to fit different needs and budgets. Their packages range from unlimited private tutoring and extensive class hours to full support for multiple school applications, including interview training and scholarship strategies. These plans provide robust resources and support, ensuring you get the most out of your GRE preparation. For more details, check out MBA HOUSE PACKAGES.
Preparing for the GRE involves both financial and time commitments, so choose the study plan that best fits your needs and goals.
Tips To Save Money On The GRE
As discussed earlier, the overall costs of the GRE exam can quickly accumulate. Here are some essential strategies to help you manage and minimize these expenses effectively.
Plan Your Test Date Wisely to Avoid Rescheduling Costs
Understanding your schedule can significantly reduce the need for costly exam rescheduling. While in-person test center options require advance scheduling, opting for the at-home GRE provides more flexibility. This flexibility allows you to wait closer to your preferred test date before registering, thereby minimizing the risk of unexpected disruptions.
Early Decision Making for School Applications
ETS allows you to send your GRE scores to four schools at no additional cost. Beyond that, each additional school incurs a fee of $35 per report. To save on costs, it’s beneficial to finalize your list of prospective schools early in your GRE preparation. While you don’t need to narrow it down to exactly four schools, applying to a select few can significantly reduce application expenses.
Get a GRE Fee Waiver
ETS offers a fee reduction program for eligible individuals based on financial need, unemployment status, or underrepresented backgrounds. Discovering how to apply for a GRE Fee Waiver can help alleviate some of the financial burdens associated with the GRE exam.
Managing GRE expenses requires strategic planning and early decision-making. By implementing these tips, you can effectively reduce costs and focus more on preparing for the exam itself.
If you’re undecided between the GMAT and GRE for your preparation and attempt, check out our article on GMAT Vs GRE: Which is Easier? It provides insights into which exam might be more suitable for you.
In Conclusion
Preparing for the GRE isn’t just about the cost. It’s about planning your path to success. From improving your skills to understanding the test format, every step you take is an investment in your future achievements. At MBA HOUSE, our Ivy-league trained Tutors and Consultants are committed to your success. We offer unlimited private tutoring, 50 hours of live classes, helpful e-learning, and personalized MBA consulting to ensure you’re well-prepared.
Good luck on your GRE journey and happy studying!
FAQs
What’s the GRE Cost in 2024?
The standard registration fee for the GRE General Test is $220 worldwide, except in China where it is $231.30, and in India where it is ₹22,550. Additional fees may apply for services like rescheduling, changing test centers, or ordering additional score reports.
Can I take the GRE for free?
Yes, ETS offers a GRE Fee Reduction Voucher program for individuals who can demonstrate financial need, are unemployed and receiving unemployment compensation, or are part of certain national programs that work with underrepresented groups. Those who qualify can take the GRE General Test for $100 and the GRE Subject Tests for 50% off the regular fee.
What is a good GRE score out of 340?
A good GRE score is generally considered to be 320 or above out of the total 340 points. This would put you in the 90th percentile or higher, making you a competitive applicant for most top-tier graduate programs.
What is the new price of the GRE exam?
The new price of the GRE General Test is $220 worldwide, except in China where it is $231.30 and in India where it is ₹22,550, effective July 1, 2024. The price of the GRE Subject Test is $150 worldwide.
Do all master’s programs require the GRE?
No, not all master’s programs require the GRE. Many programs, especially in professional fields like business, law, and medicine, have made the GRE optional or waived the requirement entirely. However, the GRE is still commonly required for admission to traditional academic master’s programs, especially in STEM fields.
Is the GRE waived off for fall 2024?
There is no indication that the GRE requirement will be waived for fall 2024 admissions. The GRE exam fees and policies remain in effect as outlined by ETS for the 2024-2025 testing year.
Is the GRE becoming less popular?
There is some evidence that the GRE is becoming less popular, as more graduate programs have made the test optional or eliminated the requirement altogether. However, the GRE is still widely used and accepted by many top universities, especially for traditional academic master’s and doctoral programs.
How can I get a discount on the GRE test?
The main way to get a discount on the GRE test is through the GRE Fee Reduction Voucher program offered by ETS. Individuals who qualify based on financial need, unemployment status, or membership in certain underrepresented groups can receive a voucher to take the GRE General Test for $100 or the GRE Subject Test for 50% off the regular fee.
