I'm going to be a 1L at Kent next year. Here are some things to keep in mind:
USNEWS Rankings stuff:
IIT (Chicago-Kent)-#63 (3.03-3.56, 157-161) 72.2% grads employed at graduation
Loyola Chicago-#67 (3.16-3.58, 159-162) 73.7% grads employed at graduation
USNEWS specific rankings for IP: (I want to go into IP as well)
Loyola Chicago-not in the top 25, 2 other chicago law schools besdies IIT are: DePaul (#9) and John Marshall (#12)
IIT gave me a half-tuition scholarship to defer till Fall 2005 because they were overenrolled for the Fall 2004 entering class. Thus, competition for seats this year will be up from last year. I'm not sure on Loyola's situation. Both are in great locations, I'm from Chicago and love the Michigan Avenue area that Loyola-Chicago is in (The John Hancock Building is at the campus doorstep) and I also love the Loop area that IIT is in. (The Sears Tower is at the campus doorstep) Both have pretty good reputations in Chicago. I think they are similar, I picked IIT because of the $$. Hope this helps. Take care and best of luck in the admissions process.