Mmm...I am not so sure how addicted to the US News and World report most people are, but contrary to what it may appear due to their publication, Hofstra is a school on the rise. The only reason they were ranked lower this year (as opposed to their past position at 87 out of 100 top law schools) is that they did not submit their stats on time, so US News and World report had to "estimate" their place, and as money speaks louder and so do the connections, other schools got ranked higher this year. It was actually a year of controversy for the magazine. But regardless, the scholarship is always an honor, and it really depends on what you want to study. I am going to Hofstra, and although not having to pay anything at all to go there is a factor, I picked it because it is a fairly new school (Law school started in 1970) and has great alum connections. I got accepted into higher ranked schools, such as Brooklyn, Cardozo, St Jonhns, and Fordham and got waitlisted at NYU, so it's not by lack of choices but by pros and cons that I made my decision. NY has a lot more firms than Florida, but a completely different environment as well. I am not sure what the tuition is for Miami, but maybe it is worthwhile to come to Hofstra and even if you don't keep your GPA above 3.25 you can still have saved more in the end (again, assuming Miami's tuition is close to that of Hofstra's).
I am sure you will make the right decision for you anyways. Good luck and congratulations!