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PLANO (CBS11) – Are you better off financially not going to college?  A new report by investment banking giant Goldman Sachs suggests that could be the case.

The study found as investments go, the return on a college degree is dwindling.  No one knows better than today’s college students how much is at stake when it comes to the questions of how to spend their college years.

“It decides what you do for the rest of your life almost, and if I make the wrong decision, you know it could be detrimental, so it’s pretty scary,” business major MacKenzie Litton said.

Litton chose to contain some costs by spending her first two years at Collin College before transferring to a more expensive school.  The new report says by 2050 it will take students 15 years after college just to break even on what they’ve invested in their education.

The study says the value of a college education comes down to two key decisions for students: what school and what major.  Graduates from schools in the bottom 25% of all colleges earn less, on average, than high school graduates.

“It all depends on the person, and yes what you’re majoring in is a big factor, but for me, I think I’m definitely going down the right route right now,” Litton said.

The study also found that graduates from colleges whose students’ SAT scores are in the top 10 percent earn almost $12,000 per year more than those in the bottom 10 percent.

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