well my fiance was pregnant 2 months after we met and i loved her at the time and still do, so I did what a man should do tell her its her decision. And SUPPORT whatever decision she made. She is Catholic so she was against abortion and at the time I had become anti-abortion, but it was a tough decision at the time.
Today we are still full-time college students, engaged, and have the most beautiful year and a half year old baby. It is the most beautiful thing to watch your son (in my case) grow up. Me and my fiance decided to wait to get engaged until we felt we were doing it for ALL the right reasons because we love eachother and not because we have a kid.
I suggest if she can't handle having a kid, maybe the parents could help or give it to a couple who can't have kids. Abortion should be thought of a last choice, because it will probably be the most traumatic decision she will make in her life.
If have any questions please ask or if this was confusing I will clarify for you.
Good luck