It depends what you want to do and where you want to do it. The answer isn't the same for everybody, so I'd recommend having a general idea of what you want to do first.

In some areas, a good state school with a strong local presence is arguably more likely to serve you well than a random #80-100 school without any sort of presence. If you want to go big law, rankings matter more--but I've known lots of folks even from T3 schools to land great federal clerkships and wind up at top big law firms after.

The big thing is having a general sense of direction before you leap either way.