If your income goes down then the financial aid also gets revisited. People can re-apply for financial aid every year. Covid was a huge year of changes for many where they needed more aid. You can’t worry about the what if’s because colleges only look at the here and now, what you have saved, what your assets are, etc.
Also, if your kid is interested in med school, then you’re most definitely better off having her look at low cost alternatives and then taking out loans for med school instead. My ex graduated med school in 1996 with $250k in loans from a top medical school. Not a pretty sight. I can only imagine what that would be today. There are a lot of great undergrad programs that feed into super medical schools and prepare very well on the pre med track. Also, many Ivies won’t take all the AP credits and many top med schools will want certain medical school pre reqs taken at University and not be AP credit so make sure you check into that as well.
I would look at Emory which has a great medical track and gives some nice merit scholarships.