Bloody hell of a plan! Step one sounds most satisfying, but step 4 is probably a fantasy until she's about 36 or so.
Of course, she'll never relent, if she's half the daughter that you are a father (Irish Italian...she's doomed!). So plan on making her corral a bit bigger and the reins a bit more painful. Give her room to kick and protest, while changing her policy to accident/major medical only. Cut off her tuition if she's as stubborn as you. Some lessons are more important than college...
If you go ahead with Step 1, please take pics and share with the class!
Good luck!