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I took the exam my senior year and did not pass. Pretty much agree with everything said above. Its great to start early but if you participate in any extracurriculars or take a rigorous course work- save the money. I would check to see if the test is offered at a discount (mine was, reinforcing my decision to take the exam). Additionally, a lot of the material was fresh as I was in the middle of multiple finance classes covering topics on the exam.