Each BCSP institution sets its own fee to cover program costs. Students from member schools should obtain cost information from their home institutions, which will bill them for the set amount. Other students pay Indiana University an academic fee of $27,450 for the 2018-19 academic year, $16,980 for fall 2018 or $16,980 for spring 2019.

Students pay room and board costs averaging about $6,000 per semester in Bologna. During the first week or two after arrival, students live together in a hotel and locate independent apartments in Bologna.