American Universities are the best in the world. Europe just doesn't compare, because the Unis there tend to be indebted, poorly funded etc. They rely on state funding, and socialism breeds inefficient and shoddy administration. Only Europeans think that their universities are as good as those in America. If you want to study anywhere outside of Europe (Asia, Oceania, North America etc), having a degree from a US uni is much better than one from a European uni.
I know that costs are a concern, but once you get a job, you'll pay off your debt and never look back. Its in your long term interests to go all American.