OP the question is this. How responsible is your daughter and does she look after her stuff.
The amount of college / uni students computers I have to fix because for the most part they have been bumped, dropped, had a million tons of malware from torrenting all day long, passed around and used by housemates etc........
Personally I would spend less than more. Unless they need specific hardware requirements the chances are the laptop will be running word, surfing the net, listening to music / movies and tahrs about it.
For those tasks she doesn't heed the power a new mac laptop affords. A second hand model would suffice.
It's alright spending $1200 on a laptop and $250 on apple care, but if the computer is dropped (by accident or in a drunken college stupar) I'm not sure Apple would cover user damage. Meaning in one moment of silliness your looking at 1450 down the drain.
We all like to think young adults going to college will behave. But the reality can often not be the case as they get their first taste of freedom and away from home.
Unless your daughter genuinely values and appreciates the $$$ spent on the laptop and is responsible enough to look after it and take the responsibility herself of replacing it themselves should the damage scenario play out! and you are confident in that! I would recommend setting a budget limit and buying a good value second hand model of a mac, or a mid price PC laptop.