I'd echo what a few others have said:
As Babylon, the free GS from the UA should become an Academy.
As Korea, any GS you can get prior to the Renaissance really should become an Academy. After that point, I'm not sure on the math, but it would likely depend on how long you expect the game to last at that point.
As Mayans, taking a free GS early enough from the UA is viable for planting as an Academy.
In general, any GS you get very early (if you were to pick one from Liberty Closer rather than take a GE, for example) is one you should make an Academy with. By a certain point in the game, it's going to become a better use to bulb techs with them.