10 Best NASDAQ Stocks Under $30 to Buy

8. SLM Corporation (NASDAQ:SLM)

SLM Corporation (NASDAQ:SLM) is one of the best NASDAQ stocks under $30 to buy. On March 9, SLM Corporation, or simply Sallie Mae, entered into a $200 million ASR (accelerated share repurchase) agreement with Goldman Sachs & Co. LLC. This move is part of a larger $500 million share repurchase program authorized by the company’s Board of Directors on January 22. By prefunding the $200 million ASR on March 10, the company expects to receive and retire a significant portion of shares shortly after execution, leading to a prompt reduction in the total share count.

The CEO noted that this announcement, combined with prior repurchases this quarter, brings the company’s Q1 commitments to ~$300 million. The initiative was implemented following Q4 earnings and amid recent market dislocation. Management indicated a disciplined approach to capital allocation and expressed an intent to exhaust most or all of the current $500 million authorization over 2026, depending on market conditions and available capital.

The final number of shares repurchased through the ASR will be determined by the volume-weighted average price of the common stock during the agreement’s term, adjusted for a discount. While a large portion of shares will be delivered early, the final settlement may involve the receipt of additional shares or, in specific cases, a cash payment or delivery of shares by the company. The transactions under this specific ASR agreement are projected to be completed before the end of Q2 2026.

SLM Corporation (NASDAQ:SLM) is a financial services company that originates and services private education loans to students. The company was formerly known as New BLC Corporation.