Good advice. I second your advice to run the Net Price Calculator.
My experience with Rochester is that there is a wide range of types of students. Yes, there are the science nerds there because it’s well known for the strength of its science programs, but there are also the creative types at the Eastman School of Music. Undergraduate schools in addition to Science and Music include Liberal Arts, Social Science, Business, Engineering, Education, and Nursing. I think that the best information about the student experience at UR would be via a campus visit, making it a point to talk with a variety of students while she’s there.
I have not had the experience of students having financial aid pulled back on them, but I only know a handful of friends whose kids have gone there and they were very pleased with their financial aid package there. I suggest checking the university’s common data set for more information. Again, I suggest a campus visit with a scheduled appointment with the financial aid office to confront this concern directly.