We get this question, quite often, from our readers. GMAC does not distribute GMAT Vouchers directly to individual test takers. You have to contact your target Business Schools for vouchers.
Eligibility: Business Schools and Organizations, that accept GMAT scores, grant graduate level degree programs (in Business and Management) and provide financial aids (including fellowships and scholarships) are eligible for distributing the GMAT Vouchers.
Denomination: Eligible organizations can distribute GMAT Vouchers in denomination of $50, starting from $50 to $250.
The goal of the GMAT Voucher is to provide economically disadvantaged applicants with the opportunity to compensate the cost of the GMAT exam.
GMAT Fee Waiver
Another alternative for GMAT test takers is to request the Business Schools for GMAT Fee Waiver. Each year, GMAC offers each school with 10 GMAT Fee Waivers. Schools will offer the fee waiver directly or when you join the program.
The number of Fee Waivers is not limited to 10. Business Schools can request for more, if the applicant is eligible for the program. Once Business Schools approve your GMAT Fee Waiver, a code is shared with you. When you register for the GMAT appointment, apply the waiver code in mba.com
Please note that the code is equivalent to the entire GMAT Fee and is valid for one year (since the school received the code).
About the Author

I am Atul Jose - the Founding Consultant at F1GMAT.
Over the past 15 years, I have helped MBA applicants gain admissions to Harvard, Stanford, Wharton, MIT, Chicago Booth, Kellogg, Columbia, Haas, Yale, NYU Stern, Ross, Duke Fuqua, Darden, Tuck, IMD, London Business School, INSEAD, IE, IESE, HEC Paris, McCombs, Tepper, and schools in the top 30 global MBA ranking.
I offer end-to-end Admissions Consulting and editing services – Career Planning, Application Essay Editing & Review, Recommendation Letter Editing, Interview Prep, assistance in finding funds and Scholarship Essay & Cover letter editing. See my Full Bio.
I am also the Author of the Winning MBA Essay Guide, covering 16+ top MBA programs with 240+ Sample Essays that I have updated every year since 2013 (11+ years. Phew!!)
I am an Admissions consultant who writes and edits Essays every year. And it is not easy to write good essays.
Contact me for any questions about MBA or Master's application. I would be happy to answer them all