I can understand how you are feeling. When I was your age in early college I faced a couple of pregnancy scares. My parents are also very strict and would have been very angry and disappointed by the pregnancy. I also had educational and career goals and I feared that having a child would get in the way. I was so scared. Thoughts of abortion did cross my mind. Luckily it turned out that I was not pregnant.
Having a child does not mean that you have to give up your education, careers or goals. I am currently about 22 weeks pregnant and am attending grad school full time and working. I plan on continuing grad school after the baby is born (with some baby-sitting help from my mother-in-law). It is possible to go on with your life. Also if you and your boyfriend do not feel ready for parenthood, adoption is a great option. You could even potentially arrange an open adoption if you would still like to be a part of your child's life.
Your parents will probably be upset at first. However I bet over time they will be supportive of you. I would advise you not to let anyone, including your boyfriend or parents to push you into an abortion if it is not what you want. Abortion may seem like an easy solution, but before you make that decision I would urge you to read the stories and posts from girls who have made that choice and are dealing with the pain and regrets from their decision. I hope that you choose to have this baby and give it a chance at life, but ultimately the decision is up to you.
Kate