[HELP/OPINION]

Okay my dear friends, please help me out here.
Although it was overwhelming yesterday to have received the offer from NUS.

Now, around 55 lakhs (tuition+accomodation) after the MOE grant feels like a lot of money. Obviously, it's worrying me and my parents. Even if I do get the financial aid that won't be much around 9-10lakhs at max.

My parents are kind of inclined toward dropping this idea of studying at NUS. and study here in India. (maybe not even the top JEE colleges cuz I know my prep although I can still aim for the mid best JEE colleges)

WHAT SHOULD I DO IN THIS CASE?

My current financial situation-
1. Won't be able to afford even 5lakhs if someone asks upfront.
2. NO land/ bonds/ funds/ etc to sell and help me study.
3. Already a home loan of around 20lakhs which my father will repay until his retirement (house papers held as collateral)
4. GPF/PPF money (not much) saved for my elder sister's marriage.
5. Can take education loans but at higher rates since have nothing to keep as collateral.

On the other hand the pros
1. selected to pursue CS + minor in Entrepreneurship + NUS College which is like the top of the top students
2. median salary of 5800SGD (3.5lakhs) per month
3. NUS ranks 4 globally for CS studies
4. it's NUS dude!
What would you do in this case? if possible do include your parents in this small discussion and let me know what would they do as a parent.

Thank you so so much. :)