Hi Mark,
I'd suggest recovering just the data at this stage, plus any downloaded apps that might be needed in the future. On the loan PC, you could then install a trial copy of Office, which should be enough for the period your own will be out of action.
In all likelihood, the PC will be restored to its factory defaults immediately its returned and everything on it is going to be erased - that's one of the first things the repairers do to establish that it's not just a software error (eg faulty screen driver).
With a reinstall on new hardware (which may include transferring an image), one of the remaining licences may be 'used'. however, that doesn't mean your daughter won't be able to reinstall the software on another PC at a later time. At most it may require telephone activation. Note that reimaging only works if the core hardware is exactly the same. Any differences in video cards & mainboards can render a transfeerred image unusable.
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Cheers,
Paul Edstein
[Fmr MS MVP - Word]
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