Very very personal business here. Hardly an answer here will be able to asses every single aspect that matters to you. IMO, from a superficial point of view, if you are single, no kids and got yourself some sort of very disputed scholarship them I'd go for it, graduate and get a job in the EU, in your home country, whatever.
IMHO, after you graduate, you will have more experience (both technical and non-technical) and be able to find better jobs. And there will always be startups looking for good engineers....