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I had some questions I was hoping someone could answer. The data we as applicants are given always represent a schools LSAT scores as 25th - Median - 75th..Which is a pretty efficient means of handling it, as obviously averages wouldn't be as accurate as outliers would have a bigger impact.

I believe this data is incorporated into the ranking system, and schools report it. Is the data supplied by the schools to those that put together rankings formatted in the same way? This system doesn't really cover the impact of scores above 75 or below 25... by basically counting the number of people above those scores a score higher then the 75th will have the same effect as any other above 75th...
For example
Lets say TTT has a 25 M 75 of
155 157 160 If the scores are provided in such a format, accepting a 180 would have the same effect on the numbers as accepting a 162, it's just one more head above 75th. Without specificity to percentiles above 75, it wouldn't have an impact.

Is this the only data that is provided? Are all applicants data reported completely, or just the benchmarks above?

Irrelevant, since the only thing that goes into the USNWR raw score is median LSAT:

Median LSAT scores (0.125): The combined median scores on the Law School Admission Test of all full-time and part-time entrants to the J.D. program's 2011 entering class.

http://www.usnews.com/education/best-gr ... l-rankings

The 75ths are still published so law schools likely care, but not as much as medians. However, lsn clearly shows being over the 75th will get more $ than just being over median.

But op's fundamental point is correct. A 162 is like a 180 for a school with a 160 75th. In fact the 162 may get more $ as the 180 would be a waste of temporary funds as he's not gonna enroll 9 times out of 10.