(CNN) — The Trump administration is seeking a $1 billion settlement from the University of California, Los Angeles, CNN has exclusively learned, marking the latest effort by the White House to shape higher education and extract significant concessions from universities.

Last week, the Trump administration began freezing approximately $584 million in funding to UCLA, the school’s chancellor Julio Frenk said in a letter to the university community, warning of “devastating” consequences to its research mission.

Officials from UCLA have returned to the negotiating table, a source familiar with the matter said, and have made clear they would like to reach a deal to restore that funding. The Trump administration, in turn, is laying its marker for a high-dollar settlement.

CNN has reached o

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