What if we decide to take the SATs during the later part of sophomore year? Is that still okay?

Yes, that's still okay. SAT scores are valid for 5 years after you receive your score. However, note that you are recommended to only take the SAT 3 times. Most people take it during their junior year because that's when they feel most academically prepared, and opt to take the PSAT during their sophomore year to gauge how well they think they may do in the actual SAT.

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