If you can afford 40k a year she’ll have lots of choices. If you can’t, things get harder.
In any case you can start saving right now, each month, whatever you can.
I believe the ACT will also count for the NMF scholarships so she can start prepping right now.
14 APs may be overkill unless she’s really bored at her school.
First thing for you is to figure out how much you can afford.