I would let her make her own decisions, and then let her pay the natural consequences of them. If that is the road she wants to head down, I say let her learn what that road is all about. In a year or so she will learn a valuable lesson as the life she thinks she will have will meet with the reality of the situation. She has lots of life left and maybe the lessons she learns soon will help her choose a better path later.
Allowing the natural consequences of her decisions to hit home may be difficult. She has chosen to not invest her effort into her life's path. So when things get difficult for her, I am sure she will seek the assistance of others. You will have to take the position that you can't be there to bail her out, and that assistance is only for those who are putting in their own efforts to get ahead - to help them achieve their goals to be independent. Don't invest in someone who is not trying to help themselves, they will not suffer the consequences of their decisions and therefore will never learn to make better decisions.
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