@home - would advise you to be doing some research on this issue. Here are some stats to get you started.
https://admissions.tc.umn.edu/academics/profile.html
Make sure to know what kinds of majors are offered by each college - CFANS and CEHD, for instance, both offer a business option. While you are not committed to the major you specify within the college, articulating some course of study will help the admissions committee better understand whether UMN is the right fit for you.
Follow the directions on your deferral. If they don’t mention anything about changing colleges but you feel that you might want to specify a second choice to help your chances at UMN, then contact the Admissions Office to see if that option is available.