HIGHER EDUCATION BUBBLE UPDATE: Is college worth it? Goldman Sachs says not so much.

College is certainly an investment, but it’s worth it — right?

Maybe not, according to new research from Goldman Sachs.

The company said in a research note published in early December that the average return on college is falling. In 2010, students could expect to break even within eight years of finishing school. Since then, that has increased to nine years. And if this trend continues, students who start college in 2030 without scholarships or grants, it said, may not see a return on investment until age 37.

Recent graduates can relate to the report. Mary Kate Baumann, a 2010 graduate of a private college in upstate New York who also graduated from journalism and business graduate programs at the University of Missouri this year, said, “My undergraduate education was over $200,000 in total and my first job paid only $28,000. That’s a large disparity.”

And the value of a degree from Mizzou is probably falling even faster than the average. . . .