most majors, but I think it is especially true of the engineering majors. If your daughter's goal is to get a PhD and teach someplace, then I guess going to a top-ranked school matters. But if she's just trying to get a good job in a specialty field she desires, then it's a whole lot less important. What is more important to engineering employers is the internship experience a person comes out of school with. My experience was that employers care very little about whether you were a straight A student and more about whether you have people skills and have shown initiative with gaining job/internship experience while you were in school. In fact there is a saying that "The A students are managed by the B students that work for companies owned by the C students". I actually have found quite a bit of truth in that.
And as someone else in this thread mentioned, getting an undergrad from BYU and then a grad degree from a school that specialized in the kind of thing your daughter ends up liking is a perfectly fine way to go