I personally think it depends entirely on where you want to work, and to some extent on a visit to the schools themselves (ie where you would be most comfortable). If you want to work in Chicago, Illinois is the better choice, and it's a bonus that you have $$. If you want to work in the south/Atlanta/DC area, I would think that Emory is a better choice, and the scholarship wouldn't be enough to sway me. That said, if you have no idea where you want to practice, having $30 000 less debt when you graduate is a plus, and the 1 spot difference in the rankings is not a good enough reason to turn it down, unless there are other reasons in play (ie desired city after graduation, general law school environment, perhaps a particular program of interest?)
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