Hey, I'm a current 1L at Loyola right now... taking a break to study from my finals (probably not the wisest choice).Loyola is a great school. If you do well here, you're right on par with graduates from UCLA and USC for the Los Angeles market. If Loyola is giving you a free ride, I would take it (because chances are, you'll probably do well enough to keep that scholarship). Although if money is less of any issue for you, go to USC or UCLA. You can place lower in the class and still land big law.
If nothing else, going to USC or UCLA will make football season more fun, and what they say about the Trojan family is not exaggerated (as far as I know).