Effective July 15, 2003, the price of the GMAT® increased to U.S. $225 worldwide. The price of some GMAT® score reporting services changed, as well.

GMAC® advises test takers of the change in the Take the GMAT section of www.mba.com, the GMAC® website for prospective business school students. Those who do not use mba.com but instead register for the GMAT® over the phone or through the mail are informed of the test price when they register.

Business schools were advised of the change in a past issue of Graduate Management News online, the newsletter of the Graduate Management Admission Council® (http://gmnews.gmac.com/GradManagement/news/).