Firstly you won’t get any decent answers if ever on sensitive topics like this from this sub. It’s mainly a very young crowd here barely out of their teens.

As for your solutions you only got a couple

One get an abortion. There is really no way around this. Neither of you sound ready to be parents, and you should not bring a child into this world if you will both resent it and trust me this will happen down the line.

Two you are both adults. Own up to it, man up and for the sake of the child either get together and do the right thing. Involve your families, eat whatever is said and seek help from everywhere. Since you are not exactly of means, discuss your options calmly