The penalty for the late filing of change major can vary depending on the specific rules and regulations of the institution or organization involved. In some cases, there may be a monetary fine or fee associated with late filing. Additionally, late filing may also result in administrative consequences, such as being unable to register for certain classes, delaying graduation, or facing academic probation. It is best to consult the relevant institution or organization's guidelines or speak with an advisor to determine the exact penalties for late filing of a change in major.