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 $28,135 for the 2019-20 academic year, $17,405 for fall 2019 or $17,405 for spring 2020.

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.