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Lori Loughlin traveled from Vancouver to L.A. Tuesday night to surrender to federal authorities in the college bribery scandal -- which got her daughter,
Olivia Jade, into USC --
Olivia spent the night on the yacht of the Chairman of USC's Board of Trustees ... but she's off the boat now, TMZ has learned.
We've learned 19-year-old Olivia was on
Rick Caruso's yacht in the Bahamas. Caruso's daughter, Gianna, Olivia and several other friends were spending spring break in the area.
Gianna and Olivia have been friends for quite some time, occasionally posting photos of them together on social media.
Caruso, a billionaire who has major real estate holdings including The Grove in L.A., tells TMZ, "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 is off the yacht.