32GB iPad 2? or 16GB New iPad?

What's up guys? I'm having trouble deciding wich iPad should I get.

I mostly will use it to carry books and notes for school, but I'm a total app junky, and the apps are getting bigger due to the retina display compatibility. So I was thinking, should I get the 32GB iPad 2 for a great amount of storage? Or should I get the new 16GB iPad for an awesome quality display wich will be extremely useful at reading and note-taking time.

I should also point out that I have a 32GB iPod touch, so I won't be storing any music on my iPad if it ever comes.

The main reason why I ask between this 2 models is because I'm thinkin about getting a loan to buy it, the price of said models is as high as I can go.

Thanks in advance for your answers.