How about this: Go to a school where your numbers are high, you like the atmosphere, and you can graduate with NO debt. That means no hole to dig yourself out of, freedom to choose a job that you like, and money for vacations? I'm opting to go to Lewis and Clark in Portland because I think Portland is cool. Turning down half scholarships from MI and UVA, $5000 total tuition after scholarship at Northwestern in incredibly expensive Chi town. Don't sign your name on 150,000 in loans without seriously thinking about it. A JD is a JD, sure reputation will do something for you -- but debt can control your life!Not an option for some people.
And as has been discussed countless times on these boards, going to a lower ranked school that will be cheaper has its tradeoffs as well.