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There is a new site that launched on Monday that focuses on preparing potential grad students to pass the GMAT exam. The site is called Grockit and it takes its name from a book by Robert Heinlein titled "Strangers in A Strange Land". The term "grok" is used in the book and it means to understand something so well that it becomes a part of you.

The founder of the site is Farbood Nivi. He has been teaching exam preparation since 1998 and is former employee of Kaplan. On their blog post it reads," The classes are live, teacher led and highly interactive and engaging. Every class is recorded, so students can review the exact lesson that they had."

The price for the exam prep is $399 for16 sessions of 1.5 hours. The site boasts that it is a better online value than competitors like Kaplan and TPR. The competitor's prices are Kaplan online is $1,249, The Princeton Review is $899, and Manhattan GMAT Prep is $990.

According to their site Grockit does offer financial aid. Under their FAQ it says," We provide financial assistance on a per instance basis and may request documentation to establish financial need."

The computer requirements for the site are Windows OS, Internet Explorer version 5 and above, audio headset and high speed Internet connection.

If you are considering an MBA program and want to prepare for the GMAT exam than exploring all options online and off would be a good choice.

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Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.