With the cost of a college education continuing to climb, many parents are counting on their children graduating in four years.  It would seem logical that students declaring their academic major as freshmen would have the highest likelihood of graduating on time.  However, the data indicates otherwise. A study done by the Education Advisory Board found that college students declaring their major early and sticking with it are 4% less likely to graduate on-time relative to their counterparts that changed majors in the second semester or later. A possible explanation is that students that switch majors are likely to be more academically engaged in their major of choice versus the students who are simply sticking it out.  With as many as 80% of undergraduate students switching their majors at some point in their college experience it doesn’t necessarily mean an extra semester or year of tuition for parents.