Lori Loughlin hit with new money laundering charge, faces 40 years jail time

Full House star Lori Loughlin could face up to 40 years behind bars after being hit with a fresh charge of money laundering for her role in the US college admissions scandal.

The actress was one of over 30 parents accused of commiting fraud in order to secure places for their children at high-profile universities.

Fellow actress Felicity Huffman, along with 13 others, agreed to plead guilty to a charge of conspiracy to commit mail and wire fraud, which carries a sentence of up to 20 years in prison.

Loughlin and her husband Mossimo Giannulli, however, did not admit guilt. They've since been charged with an additional charge of money laundering, increasing Loughlin's possible jail time by another 20 years.

Huffman is accused of paying US$15,000 to have her daughter's test results covertly improved, an act she says she takes "full responsibility" for.

"My daughter knew absolutely nothing about my actions, and in my misguided and profoundly wrong way, I have betrayed her," she said in a statement to USA Today.

Loughlin and Giannulli allegedly shelled out US$500,000 in bribes to have their daughters accepted into the University of Southern California. They have not yet publicly addressed the scandal.