I am conflicted about old exams. On the one hand, they are useful for figuring out the format of an exam and highlighting what that particular professor thinks is the most important. They are the best thing you can do for studying for an MCAT for example. It can be very helpful for things like managing your time and test taking skills. There is even a notetaking service in town that will sell you old notes or old tests.
However, a lot of people seem to "study" by cramming and memorizing the old test the night before instead of doing the homework and reading or recopying notes from class. This inevitably leads to at least one or two people putting the answer to last years exam on this years test.
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