As part of the plea agreement, Loughlin will be sentenced to two months in prison and Giannulli will be sentenced to five months in prison, subject to the court’s approval, according to authorities.
In addition, Loughlin faces a $150,000 fine, two years of supervised release and 100 hours of community service, and Giannulli faces a $250,000 fine, two years of supervised release and 250 hours of community service.
They are scheduled to plead guilty on Friday at 11:30 a.m., prosecutors said.
Loughlin will plead guilty to conspiracy to commit wire and mail fraud, and Giannulli will plead guilty to conspiracy to commit wire and mail fraud and honest services wire and mail fraud. The actress, best known for her role as Aunt Becky on the sitcom “Full House,” and her husband had previously been charged with three counts of conspiracy.
“Good news my daughter … is in (U)SC… bad is I had to work the system,” Giannulli allegedly wrote in an email to his accountant.
“Under the plea agreements filed today, these defendants will serve prison terms reflecting their respective roles in a conspiracy to corrupt the college admissions process and which are consistent with prior sentences in this case,” said US Attorney Andrew E. Lelling. “We will continue to pursue accountability for undermining the integrity of college admissions.”
CNN’s Melanie Schuman and Elizabeth Joseph contributed to this report.