Well, most graduate school applications are due in january, so...fall? Also, every time you take it, unless you decide to not report the score (which you have to do like 6 hours after you take the exam), the score goes on your report. When you send your scores to the schools they get the whole report. So make sure you do well your first time, you don't want to look like a habitual test taker looking for that one good score.