If your net worth is $$50,000$ and you pay off your student loan from your savings account, how will you net worth statement be affected?

Your assets and liabilities will go down. Your net worth won$$t change.

Your assets and liabilities will go down. Your net worth will increase.

Your assets will go up and your liabilities will go down. Your net worth will increase.

Your assets, liabilities, and overall net worth won$$t change.