Siege - there are books specifically written to help you advance in the analogy section of these exams. I'd check those out. The dictionary thing is almost a waste of time - GRE/SAT have specific words and word families that they love to harp on. The odds that you'll see more than one of these words in "word of the day" and remember it are very small.
I studied with a book that had online test sections to supplement the printed material. It worked out quite well for me - though I typically feel comfortable with standardized tests.
I say buy a couple of books for 40-60 bucks and put the time in on your own. The only reason to take the class is if you know you won't have the discipline to study correctly on your own.
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Cogito ergo spud -- I think, therefore I yam
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