Florida Board of Governors State University System Certificate of Participation holders are entitled to a waiver of only matriculation fees for a maximum of six (6) credit hours of instruction during a single academic term. Certificates are valid for three years from the date of issuance and may be presented to the USFSM Cashier’s Office.   Fees which are not covered by the Certificate of Participation must be paid by the fifth day of the academic term to avoid assessment of a $100.00 late payment fee.