Well, I would definitely reccommend studying literature in college. It's a fun major. And as long as you choose the right program, you'll be exposed to a lot of fun stuff, and hopefully have a lot of freedom to research what you want.

However, one word of caution, that I received going into my major (and didn't take as seriously as I should), you will reach a point where you begin to hate reading. Or at least not wanting to read as much as you want to.
Like, I hardly read books anymore unless they are for school. I just read fanfics in my time off. I do hope, however, that will die of when I finish my degree.