Due to customer feedback (read: people complaining bitterly about GMAC nickel and diming them) GMAC has restructured rescheduling and cancellation fees for the GMAT. The further out you cancel or reschedule the more money you save. Here’s the pricing:

GMAT Rescheduling Fees

  • 1 to 14 days prior to appointment: $150
  • 15 to 60 days prior to appointment: $100
  • More than 60 days prior to appointment: $50

GMAT Cancellation Fees:

  • 1 to 14 days prior to appointment: $50 refund (you lose $175)
  • 15 to 60 days prior to appointment: $75 refund (you lose $150)
  • More than 60 days prior to appointment: $100 refund (you lose $125)

It’s still a ripoff but it’s better.