First is incorrect and unclear.
Second ok, as corrected by others, but not too natural.
She neither learns new words nor does her homework. (They are two separate things. But ‘learning new words’ is an odd thing to say without context.)
She doesn’t do her homework and therefore doesn’t expand her vocabulary. (One thing)
She neither studies her vocabulary list nor does her homework.
She’s not studying her vocabulary words and not doing her homework. (In speech, both neither/nor and not only/but are rather formal. In this phrase, we’d emphasize both ‘not’s.)