I really don't think that law school is only for the "elites". I mean there are over 200 law schools in the US and, arguably, only 14 "elite" ones. That obviously means the majority of law students in the US don't go to the elite law schools. I wouldn't worry too much about the snobbish posters who only wish they were at these "elite" law schools. Most of the people who graduate from the 185 or so other law schools can certainly develop great careers as well. Last year, I heard plenty of these "nay" sayers tell me not to go to a tier 2/3 law school but, I didn't listen to them. I eventually transferred to a solid tier 2 and I am very happy.
The real issue is the outrageous costs of tuition nowadays. You essentially have to make biglaw or spend the next 20-30 years making really bad money while struggling to repay your student loans. Even TTTs nowadays cost $40K /year to attend. Yes, there are scholarships but the cost of living, books, insurance, etc for 3 years will run you around $50K. So that means to come out of law school with only moderate debt that means you need to have a full ride. For most people getting a full ride means attending a lower ranked schools (usually t2 or well below). The issue with those schools is that they almost always have GPA stipulations, which can be pretty brutal considering a lot of them curve on a B- or C+ curve. So then you are faced with the decision to attend a low ranked school with a very good likelihood your full ride will get yanked and youíll have given up attending a better school just to pay full tuition at a dump for 2 more years or to pay full price at a t14 or better (which still isnít much of a reassurance that youíll make biglaw and be able to repay your debt any time soon). LRAP and public service is also a possibility, but those jobs are pretty scarce nowadays as well (possibly more so then biglaw).