Do the CLEP exams alter her status as a freshman applicant? Why is she taking them? To avoid those gen eds in undergrad? That sounds like quite a load. Does she really need to do all that? I took CLEP’s but during college not high school.
The distinction between “conservatories” and “music schools” is fuzzy to me 
Both are BM programs so essentially conservatory programs. I assume you mean freestanding versus part of a college or university, where you might have to gain admission to both music and academic programs.
Some :LAC’s and universities have “conservatories” and some have “schools of music.”. Freestanding places are always called “conservatories” as far as I know.