Here's a thought that doesn't seem to have been raised but I know it's on everyone's mind. Who will provide a home, food and clothing for you, the father and the child? And there is also school that both of you are supposed to attend, full time. In terms of rights, it's sad that a child cannot choose its parents and is brought into the world at their mercy.
The last thing you should be thinking about is your rights. If you're going to have this child, then consider the fact that the rights and needs of the child are going to come before yours -- for at least the next 19 years.