Savings Plans

Weekly Update: June 20

☀️ Summer is (unofficially) here, and you know what that means: pool days, sunburns, melty ice cream... and college essays.

Yes, while your rising juniors and seniors are probably thinking about popsicles and playlists, we’re over here thinking about personal statements, recommendation letters, and how your student will make their case when answering 'Why This School?”

Between scoops of your favorite frozen treat, keep an eye out for upcoming blog posts on colleges with surprising quirks and hidden strengths – perfect for adding punch to those “Why Us?” supplements.

In the meantime, here’s what’s happening this week in the world of college admissions:

BIGGEST COLLEGE-RELATED NEWS OF THE WEEK

GOP 2025 Tax Bill Could Expand Qualified 529 Expenses

You may already know that 529 plans are a great tax-advantaged way to save for college—but new legislation could make them even more flexible, according to the WSJ. Proposed changes would expand what qualifies as a legitimate educational expense, including:

  • K–12 tuition beyond the current $10,000 cap

  • Test prep and tutoring -> yes, that would include your DCCC fees! 🎉

  • Books and online learning tools

  • Homeschooling costs

  • Trade and credentialing programs

Translation: families could soon use 529 money for a broader range of educational paths, not just four-year degrees. We’ll be watching this closely – if passed, it could be a game-changer for college-bound students with hefty supplementary educational expenses. Check out the article linked above for a closer look at some of the finer details – but keep in mind that even if it passes, states can still enforce these changes differently.

Baby Bonds in the GOP 2025 Tax Bill

Another feature of the proposed GOP tax bill is the creation of “baby bonds” – what some are calling “Trump accounts.” Under the plan, every U.S. citizen born between January 1, 2025, and December 31, 2028, whose parents have Social Security numbers, would receive $1,000 in seed money from the federal government. Families would open an account at a qualifying institution, and the funds could be used starting at age 18 for college, vocational training, a first home, or to start a small business. If unused, the money becomes fully accessible at age 31.

Families could also contribute up to $5,000 per year, so families who can contribute extra will see even greater returns over time. While some see this as a step toward addressing wealth inequality, the proposal has drawn bipartisan interest. It’s worth keeping an eye on – especially if your family is growing and you’re thinking about future college costs.

A Supreme Court Win for Disabled Students

On June 12, the Supreme Court unanimously ruled in favor of a young girl with epilepsy whose school had refused to adjust her schedule – even though her seizures made morning instruction unsafe. Previously, families had to prove that schools acted with “bad faith or gross misjudgment” to win a disability discrimination case – an unreasonably high bar. The Court struck that down, aligning the standard to that in workplaces and other areas of public life: if reasonable accommodations aren’t being provided, that’s enough.

This ruling is a big deal for families of students with IEPs and 504 plans. It strengthens legal protections and puts schools on clearer notice: they must take accommodations seriously, not just check boxes or hide behind vague justifications. For many special needs students, this could mean more responsive support, greater access to meaningful learning, and fewer barriers to getting what they actually need to thrive.

Fulbright Scholarship Board Resigns Citing Trump Interference

11 of the 12 members of the Fulbright Foreign Scholarship Board resigned in protest after the Trump administration blocked a significant number of already-selected U.S. Fulbright recipients and called for a surprise review of 1,200 incoming international scholars. The Fulbright Program, established in the 1960s, funds U.S. students to pursue graduate study, research, and teaching in more than 140 countries. It’s one of the most prestigious global fellowship opportunities, designed to promote cross-cultural exchange and academic collaboration.

The resignations reflect growing concerns about politicization in higher education. For students hoping to study abroad through Fulbright or similar programs, this introduces a level of uncertainty – and serves as a reminder to build a strong Plan B. As with college admissions, international opportunities may increasingly require flexibility and backup options.

BEST ARTICLES OF THE WEEK

Last week, we shared some thoughts on the public vs. private school debate, leaning slightly toward public options—especially if that means a chance to save more for college. But Town & Country recently took a closer look at some of the country’s most progressive private schools, many of which are now facing enrollment challenges. And while their offerings may sound unconventional (broom-making, anyone?), these schools aim to give kids a holistic education—one that teaches them to think for themselves and solve real-world problems without relying on a pre-written strategy guide from a teacher.

Of course, in today’s era of standardized testing, some parents worry that their kids will be learning how to milk cows instead of how to ace the SAT. But, as the article points out, the kind of life experience and self-direction that progressive schools cultivate often lead to the most compelling—and memorable—college essays. And we agree! One quote stood out:

“The average competitive schools spend about 90 seconds reading a college application,” says Danny O’Brien, Putney’s head of school. “What a Putney application does is it gets that kid an extra minute. Because they’re interesting, they’ve done something, and they have a lot better sense of who they are and what they want to be than the average incoming freshman, who has just put their head down and tried to beat the system for four years or more.”
— Town & Country

So if you're still weighing private K–12 options, it's worth remembering: colleges do notice students with more than just test scores. Liberal arts colleges especially value the whole student – not just the transcript.

At the same time, some families are rethinking whether college itself is worth it. With millennial parents still carrying hefty student debt, it’s no surprise that many are encouraging their kids to explore paths outside of academia. According to Fortune, a recent study found that 70% of high school students say their parents support alternatives like apprenticeships or trade schools. Many Gen Z grads are struggling to find jobs even after earning a degree, and “new-collar” jobs – especially in tech – often don’t require one in the first place. For kids raised hearing about student loan horror stories, the appeal of diving straight into a career is growing. And if the GOP tax bill mentioned above passes, 529 plans may soon cover vocational programs as well.

We still believe that a college education at the right school can be a strong investment. But it’s worth asking: does your child’s dream job actually require a college or graduate degree – or could they get there through a different path?

If the answer is yes, here's a surprising financial aid twist to keep in mind. Shortly after the May 1 enrollment deadline, a student who had already committed to Penn State received a sudden $20,000 merit offer from Syracuse – despite getting no offer from them earlier in the cycle. That number kept growing in the weeks that followed. And she wasn’t alone! Multiple students received sizable merit awards post-deadline, though few enrolled as a result – partly because it was too late logistically, and partly because the effort seemed, frankly, a little desperate. Syracuse later admitted that the offers were an attempt to reverse declining enrollment.

What can families take from this? While we wouldn’t count on a last-minute offer, it’s a good reminder: don’t feel pressured to rush your deposit until you’re sure a better offer isn’t coming. And if you’re still deciding, don’t be afraid to ask schools if there’s room to negotiate.

And speaking of arrivals – summer also brings home the college kids. Before yours comes back and turns the kitchen into a snack graveyard, take a minute to set some ground rules. After months of late nights, messy roommates, and minimal adult supervision, your well-behaved teen may return with a few... new habits. Try to compromise, keep your expectations clear, and – if all else fails – remember what it felt like to be 20 and invincible.

OFFICE HAPPENINGS

Now that high school is officially out for summer, things are picking up at DCCC! Many of our rising seniors are putting the final touches on their Common App essays, and our coaches are gearing up to dive into school-specific supplements next.

If you’ve got a vacation coming up, we recommend scheduling a meeting or two before your rising senior disappears into full summer mode. The more consistent the writing process, the easier it is to stay focused and build momentum.

Have a great week – and as always, we’re here when you need us!

To Learn More about what’s going on in the world of higher ed lately, Check Out Our Other Recent Posts!

Weekly Update: January 30

BIGGEST COLLEGE-RELATED NEWS OF THE WEEK

MORE MEDICAL SCHOOLS PULL OUT OF NATIONAL RANKINGS 

Last week Harvard Medical School made headlines when it withdrew from the U.S. News and World Report’s annual rankings. Now four other medical schools have followed suit. Columbia, Stanford, University of Pennsylvania, and Mount Sinai have all announced that they are withdrawing from the rankings due to concerns over inaccurate representations of data.

COLLEGE BOARD RESPONDS TO CONCERNS OVER AP AFRICAN AMERICAN STUDIES COURSE

On Tuesday, The College Board announced that it will reveal the new framework for its AP African American Studies course on the first day of Black History Month- February 1. Many are concerned that the framework will be influenced by political agendas, given that Florida governor Ron DeSantis recently rejected the course for its “lack [of] educational value.” The College Board issued a letter to its members on Thursday, reaffirming that the curriculum has only been shaped by educational experts and was completed prior to DeSantis’ public rejection. 

CHARGES AGAINST FORMER LOUDOUN COUNTY SUPERINTENDENT ARE UPHELD

During a court hearing on Thursday, a judge ruled that misdemeanor charges against Scott Ziegler- former superintendent of Loudoun County schools- will be upheld. Ziegler is being charged with making false statements about two high-profile sexual assault cases in the county, as well as unfairly firing a teacher.

MARYLAND COLLEGE SAVINGS ACCOUNTS ARE REVISED- AND PARENTS AREN’T HAPPY

After freezing college savings accounts due to interest calculation errors, Maryland 529 has revised its account balances for hundreds of families. However, many are upset by the new numbers. Families are claiming they are owed a 6% interest rate on all contributions, but this rate is only being applied to money invested from November 2021 onward. The result is a staggering discrepancy between what families thought they had available for college funds versus the newly adjusted totals. We will continue to track this story, as Maryland 529 plans to hold a meeting today.

BEST ARTICLES OF THE WEEK

A woman with a mission to help college students turns out to be a $175 million dollar fraud. No, this is not the premise for a new blockbuster movie. It’s reality! Charlie Javice, a woman once recognized as one of the most creative people in business, built a career in social enterprise, promising to help millions of families navigate the college financial process. However, when JPMorgan paid $175 million to acquire her financial planning company, they discovered they had been conned. This is a pretty incredible story and one that I haven't seen floating around my normal education spaces. Instead, we discussed it in my Goldman Sachs session last week. Our advisor reinforced what the article stated- that it's a good example of a situation where the lenders didn't have enough institutional knowledge - specifically, they didn't understand the financial aid process and how it works. They should have called us :)

In 2021, an infamous Supreme Court decision changed the world of college athletics. No longer would players be restricted from earning money. Instead, they were free to profit off of their NIL- name, image, likeness. Since then college athletes have earned significant figures through donations, endorsement deals, and even business ventures. And while many support the rights of these athletes to profit off their talents and skills, others are concerned about the potential long-term impact. Advertisers and donors are now investing in individual players rather than school programs, which affects budgets and the overall strength of athletic departments. Too, not all college athletes have the name recognition to make NIL profitable. This is a new “unregulated economic frontier” fraught with both excitement and worry over the future of college athletics.

When it comes to college admissions, we often defer to the experts for their thoughts on rankings, costs, and quality. But what about students? What matters most to college applicants as they make important decisions about the future? The New York Times assembled a focus group of eleven high school seniors to find out these answers. And some of their responses may surprise you! It appears that many students are trying to balance practical considerations, such as tuition and career preparation, with a desire for mental well being and happiness. The group also weighed in on college rankings, regrets over the admissions process, and advice for high school juniors.

OFFICE HAPPENINGS

WHERE OH WHERE are the 2023-2024 Common App essay prompts? OMG - I look for them every morning and they still haven’t been released yet. Driving me crazy! We are very excited to jump right into essays with our juniors so they will be finished with their main essay around the timeframe of spring break. At that point, they will move on to preparing supplemental essay content and teacher/counselor recommendation input. We like to stay on track so we can have all of our students finished with their college apps by September as planned!

In other news, so many schools released their EA decisions over the past week! If you didn’t receive the decision you were hoping for, don’t panic! Instead, book a session with us to plan a letter of continued interest, otherwise known as a LOCI. Current clients, schedule your meetings here. If you are not a current client but would like to book a one-time meeting, please click here.

We also want to remind our current students to please always update your status chart each time you receive a decision. It’s also important to update with the decision itself rather than just checking off that a decision came in - otherwise we won’t know what it was! Please watch my quick instructional video if you have any questions about whether you’re doing this correctly.

Finally, be sure to check out our internship database. We’ve listed some great opportunities for Summer 2023, but they might disappear if you don’t apply now! Many programs have February deadlines.