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The High Price
of Testing
Everyone knows going to grad school isn't cheap. But what
a lot of people don't realize is that taking the
standardized tests and applying to schools can cost a
small fortune themselves! These "not for profit" testing
companies really know how to milk you for every last
dollar.
LSAT
Taking the LSAT,
subscribing to LSDAS, and applying to law schools at an
average of $70 each will cost you an arm and a leg (though
these costs are but a drop in the bucket compared to the
amount of money you are about to spend on your law school
education).
The Testing Expense
Enrolling in LSDAS (Law School Data Assembly Service) for
12 months - $106.00
LSAT registration fee - $115.00
Application Time! Say you are applying to seven law
schools:
Additional LSDAS Law School Reports to send to law schools
at $12.00 each (only one report is included in the initial
registration fee) - $72.00
Average application fee of $70.00 each - $490.00
Priority mail postage of $3.85 each - $26.95
Average university registrar fee to submit transcripts of
$10.00 each - $70.00
Total - $879.95
GRE
The idea of earning a
Master's degree can be exciting, until you realize that
you may be in debt for the next 10 - 15 years. But forget
student loans for a second, because Visa will come calling
soon once you finish the application process.
The Testing Expense
GRE General Test registration fee - $115.00
GRE Subject Test fee - $130.00
Application Time! Pretend that you are applying to seven
grad schools:
Additional score reports to send to grad schools at $15.00
each (only four are included in the registration fee) -
$45.00
Average application fee of $50.00 each - $350.00
Priority mail postage of $3.85 each - $26.95
Average university registrar fee to submit transcripts of
$10.00 each - $70.00
Total - $736.95
MCAT
Going to medical school has
to be one of the most expensive education efforts out
there. Not only is tuition expensive but med school also
lasts such a long time! The expense starts from the get-go
with high priced application fees at an average of $100.00
each. Ouch!
The Testing Expense
MCAT registration Fee - $200.00
Application Time! Fees assume you are applying to seven
medical schools:
AMCAS application processing fee of $160 (includes one
medical school). Each additional medical school
application fee is $30 - $340.00
Average application fee of $100.00 each - $700.00
Priority mail postage of $3.85 each - $26.95
Average university registrar fee to submit transcripts of
$10.00 each - $70.00
Total - $1336.95
GMAT
It figures that a test
associated with business would be expensive: a whopping
$250.00 a pop! This is one test where it pays, or rather
saves, to take it once. Applications to the top business
schools are super expensive as well, with an average of
$150.00 each.
The Testing Expense
GMAT Fee - $250.00
Application Time! The expense of applying to seven
business schools:
Additional score reports to send to business schools at
$28.00 each (five are included in the registration fee) -
$56.00
Average application fee of $70.00 each - $490.00 (Average
application fee of $150.00 each at the most competitive
b-schools - $1050.00)
Priority mail postage of $3.85 each - $26.95
Average university registrar fee to submit transcripts of
$10.00 each - $70.00
Total - $892.95
($1452.95 for the most competitive schools)
As you can see, things are definitely not cheap when
applying to graduate schools. And this doesn't even
include the prices of late fees, cancellation fees,
rescheduling fees, visiting colleges, and any type of
guidebooks or prep courses you may want to take!
If you're like most other college students, money is tight
and the idea of having to spend huge wads of cash to take
a test doesn't sound like a good time. So for your own
financial health, the best bet is to aim to have to take
these tests only once. Therefore it's important to be well
prepared and to invest both your time and money wisely.
One of the best investments you can make is to take a prep
course. The Princeton Review offers the best LSAT, GRE,
MCAT, and GMAT prep available. Small classes, expert
instructors, free extra help, and the most comprehensive,
up-to-date materials available. The Princeton Review
guarantees that you will raise your score, or you can work
with us again for free or get a full refund. See
individual product pages for details.
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