1. unless you have a compelling reason to go you your local t1, i think it would be foolish to pass up the t6, even with 200k debt.
2. you are already foolish if you assume that you will finish at the top of your class at the t1 (presumably because you received a full scholarship and were admitted to a top school).
Can you give us a few reasons?
What about passing it over for Michigan, UVa, Boalt, or Penn?
No matter what your present career goals are, you will likley have a more opportunities attending a t6 school. While in school, you will be among some of the brightest students in the nation, being taught be some of the brightest legal minds in the nation. At the t6, you will likley experience MUCH less competition, and again you will be virtually guaranteed an opportunity to pursue a variety of career opportunities, without worrying about finishing top 25%. While your "performance" post law school will carry significant weight down the road, holding a t6 degree vs. a random t1 will *arguably* open doors that your t1 degree cannot. These are VERY general reasons, and I am assuming that the random t1 is t25-50, as the poster did not say it is a t25.
Pass it over for UVa, Boalt, etc? Thats a tougher question. As you get closer to the t6, my reasons above do not matter as much. maybe someone else has some insight on this.