Students planning to apply to graduate school in the next year will be the first to experience major changes in the Graduate Record Exam. The new test, which is set to launch Aug. 1, 2011, aims to serve as a better indicator of graduate school readiness. The maker of the GRE, the Educational Testing Service, will implement a wide array of changes that they hope will accomplish this goal.

Educational Testing Service, the company that administers the Graduate Record Exam, is offering a new personality index tool for graduate applications this fall for a fee of $20 per report, but most schools are waiting to see if it is worthwhile.