It’s good to be an only child! Your parents have saved enough that you can go to any school in the country that you would like to attend.
Keep in mind that you may want to go to grad school, too, so if you can get merit money somewhere, that would spare some of the fund for grad school. Also, if you have money left over, it can be left to grow tax-free for your own kids to use.
But you can go to any school you can get into! Yay, Mom and Dad!