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With a 1500/1600 SAT--2280/2400 SAT-- finding a challenging enough LAC which offers her substantial merit money might be difficult as well as counter-productive in the long run. The most academically demanding and challenging schools tend to be the most generous with financial aid. Students learn from other students as much as they do from classroom instruction if not more. This is especially pronounced at small schools such as LACs. It may be difficult for your daughter to realize her full intellectual potential the farther down the line she travels in pursuit of merit money. Everything has a cost--even "free" money. Of the schools listed above in this thread, Davidson & Grinnell Colleges are your best bets. A person with your daughter's preferences and intellectual abilities might want to focus on Amherst, Williams, Swarthmore & Wellesley Colleges in addition to the two, Davidson & Grinnell, merit aid schools listed in the prior sentence.