Introduced in 2010 by Evgeny Feigin, degenerate flag varieties are degenerations of flag manifolds, naturally arising from a representation theoretic context. In this talk, I will discuss joint work with G. Cerulli Irelli, and G. Cerulli Irelli and P. Littelmann, in which we show that such degenerations in type A and C not only share a lot of properties with Schubert varieties (as previously proven by Feigin, Finkelberg and Littelmann), but are in fact Schubert varieties in an appropriate flag manifold.