Certainly, the other schools you mentioned have better reputations than NYLS, but one reason for that is that the students are better, which will mean more competition for you. If you end up toward the top of your class at NYLS, you will be fine. In fact, you will be bettter off than someone in the middle or toward the bottom of the other schools you mentioned. Sometimes, being a big fish in a small pond isn't so bad. Also, if some of those conditions regarding the money are that you need to stay within a certain % of the class, going to a lower-ranked school will probably make that a little easier.
Just looking to get some feedback. I have been accepted to NYLS with a $30K scholarship, renewable each year with conditions of course, and am still waiting to hear from Fordham, Brooklyn, and Cardozo. I don't think I will get much money from those three, since my LSAT was 162. Any opinions on whether it would be better to pay a lot more if I got into one of the last three since their rep is better, or is NYLS a good deal with the scholarship? There are so many different opinions about NYLS out there.