Absolutely, at least in a large number of European countries. If you are French, public universities cost a pittance, and even private universities are ridiculously cheap. In Norway, Germany, Finland, Denmark, Sweden, Hungary, Greece and a couple others, citizens also do not pay tuition. They also have socialized medicine, so students don’t have to worry about healthcare costs. So the major costs are living expenses, which can be pretty high, bit still remain low, compared to college costs in the USA.
Of course, European colleges are very different places - they are generally in cities, and provide little else but classes (the UK is a different story, though), and students need to find their own accommodations. Faculty are not available outside office hours and class, and are not really involved. After all, students are not paying tuition, so faculty don’t really have that much incentive to keep them happy. Other services are also nonexistent.
So it’s good and bad. Good because it’s cheap or free, but bad, since it’s swim or sink, which is not always a good idea for an 18 year old. There is no academic support, no support if there is conflict with a professors or another student, and no support if anything else goes wrong with life, including the studies.
Another reason for the lower price is that access to colleges is limited by tracking, which keeps the number of students who are college-bound relatively low. Again, it’s good and it’s bad. It’s good because you don’t have kids for whom colleges is not the best option wasting their time and money. It’s bad, because the reasons that a kid may not perform in school may not be related to academic talent but to issues like income, learning disabilities, and lack of fit between a kid and the school to which they are assigned. One bad teacher who takes a dislike to a student in third grade can end up keeping that student on the non-university track for the rest of their schooling.
BTW, French students are not that happy with their universities - they have staged a number of protests about their situation. Of course, protests are a common French pastime…
On the other hand, no matter how unhappy the French happen to be during university, admissions likely is a lot less stressful.
The UK is different, among other things because of cost, including for UK citizens.