Absolutely agree on the finances. Do you have any questions about EFCs, FAFSA, Profile, etc?
By the end of junior year, the student should have basic test scores. Do some practice tests to see if she is better at the ACT or SAT. Try to get your target score in one by the end of the school year. There is one more shot in the August and fall of senior year to retake tests, but it’s nice if you can focus on writing applications as a senior rather than retesting.
The other thing is to build an initial college list by the end of summer before senior year. So visit your local universities, and see how your child feels about small versus large or rural versus urban, etc. These don’t have to be schools she is actually applying to, just ones that are easy to get to so she can get a feel for preferences. If there are local college fairs, try to make the time to go.
Choosing a major helps with the college list as well. If your daughter is unsure, consider doing some interest surveys or discussing her favorite classes and interests.
But again, you have all of junior year to accomplish these things. Don’t panic.