Lori Laughlin's daughter Olivia Jade was sunning herself on a yacht owned by a top University of Southern California official when her perfect college spring break was shattered as federal authorities charged her mother with paying to get the 19-year-old into the school.

USC Board of Trustees Chairman Rick Caruso confirmed to TMZ that Olivia had been with his daughter, Gianna, and several other friends on the billionaire's yacht in the Bahamas on Tuesday when the sprawling college admissions scandal was revealed.

Caruso said: 'My daughter and a group of students left for spring break prior to the government's announcement yesterday. Once we became aware of the investigation, the young woman decided it would be in her best interests to return home.'

Olivia has since disembarked and gone back to Los Angeles to face the allegations that could result in her getting expelled from USC.

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Lori Laughlin's daughter Olivia Jade was spending spring break on a yacht owned by a top University of Southern California official when the news of her mother's indictment in a federal investigation into college admissions fraud came out

USC Board of Trustees Chairman Rick Caruso (left) confirmed that Olivia had been with his daughter, Gianna (center), and several other friends on the billionaire's yacht in the Bahamas

After learning about the investigation, Olivia disembarked from the yacht (above) and went home to Los Angeles

The YouTube star could ultimately be expelled from USC over the bribery allegations

USC officials confirmed Wednesday that the school is reviewing the applications of students whose families have been implicated in the bombshell college admissions scandal.

That review could potentially result in Olivia being expelled from the school.

The decision will ultimately be made by the university's president, and the Caruso-led Board of Trustees will not have any influence.

'We are going to conduct a case-by-case review for current students and graduates that may be connected to the scheme alleged by the government,' the university in a statement.

'We will make informed, appropriate decisions once those reviews have been completed.'

The statement acknowledged that some of the students may have been minors at the time that their applications were submitted, but its unclear whether that will have any effect on whether they get to stay at the school.

It added that current USC applicants connected to the alleged scheme will be denied admission.

Olivia is seen above center with Gianna, who goes by the nickname Gigi

Lori Loughlin (file image) was in the custody of FBI agents in Los Angeles

Loughlin was in the custody of FBI agents after handing herself in to authorities on Wednesday morning.

The 54-year-old flew back from Vancouver, Canada, where she films for the Hallmark Channel, to face the charges sometime after the news broke on Tuesday.

It is unclear if she spent the night in Canada or at home before she handed herself in.

A Federal judge allowed Loughlin to be released from custody after she posted $1million bail on Wednesday.

She and her husband Mossimo Giannulli are accused of paying $500,000 in bribes to get their daughters Olivia Jade, 19, and Isabella, 20, into USC.

Prosecutors say they pretended the girls rowed crew to pass them off as athletic recruits when neither was interested in the sport.

They were charged along with Felicity Huffman and 47 others as part of an investigation called Operation Varsity Blues.

Lori Loughlin's daughter Isabella Rose Giannulli arrives home last night amid the controversy

Lori and her husband Mossimo are accused of paying $500,000 in bribes to get their daughter Isabella (pictured) into USC.

Prosecutors say the parents pretended the girls rowed crew to pass them off as athletic recruits

Loughlin's husband used their house as collateral to make bail on Tuesday.

Her attorney has asked the judge to allow her to continue traveling to Canada for work as part of her bail agreement but it is not yet known if they have agreed.

All three are charged with conspiracy to commit mail fraud and honest services mail fraud, a felony which carries a maximum sentence of five years behind bars.

Huffman was released on a $250,000 bond on Tuesday. Her husband, the actor William H. Macy, was not indicted but he is described in the indictment as going along with the scheme to get their daughter Sofia into college.

Loughlin's husband Mossimo Giannulli (left) was released on bond on Tuesday as was Desperate Housewives star Felicity Huffman (right)

Loughlin and her husband are accused of paying $500,000 to get their daughters Olivia (left) and Isabella (right) into USC

Loughlin's husband put their home up as collateral for his bond to get out of jail on Tuesday

The Loughlins fly a USC flag next to a USA flag at their property. Both their daughters were allegedly fraudulently admitted

Prosecutors allege that Huffman paid $15,000 to have her daughter's SAT test proctored by Mark Riddell, who sat tests for children and sometimes corrected their answers, as part of the scheme.

He also is accused of giving some students the answers while they were sitting the tests themselves.

The scheme's 'mastermind' is Rick Singer who ran The Key, a college preparatory college which also had a charity attached to it.

Rick Singer is the 'mastermind' behind the scheme. He cooperated with the FBI and is facing a maximum of 65 years behind bars

It was through the charity which Singer funneled the payments from the parents.

He described them as 'donations' then would use the money to pay Riddell and college test administrators in either Houston, Texas, or Los Angeles to facilitate the test cheating.

In some cases, like in the Loughlins', he also allegedly paid college sports coaches to fraudulently recruit youngsters as athletes to get them in.

Dozens of other wealthy parents were charged including the well known private equity investor Bill McGlashan who is said to have used the scheme to get his son into college.

Others include a former Wynn Resorts executive, a New York City lawyer, a Napa Valley vineyard owner, a former TV executive and a woman who is heralded as a youth branding expert.

Singer has cooperated with the authorities. He continued running the scheme under their instruction to implicate others.

Now, he is facing 65 years behind bars. He has pleaded guilty to all of the counts he was charged with and is awaiting sentencing.

Other coaches are awaiting their court dates to enter pleas.