CHARLOTTESVILLE, Va. (CBS19 NEWS) -- Virginia National Bank is gearing up to give back to the community in a big way, aiming to help local students be ready for after school.

“The program focuses on an in-depth, very challenging, personal finance education. At the same time, we are training them on how to do their resumes, how to look for a job, how to get through their interview process, as well as maintain and keep a job,” said FCLA Director Meghan Crider.

The Finance Career and Leadership Academy is a free high school program designed to provide in-depth financial instruction to students and offers a path toward careers in banking and finance.

“The program came to fruition because I got a little upset of watching folks leave high school and not seeing them prepared for what is going to hit them in their adult life," said Glenn Rust, the CEO of Virginia National Bank. "When you run up that debt pretty quick and you don’t understand compound interest and a rising interest rate market, you can damage the person's credit score, but also damage their futures substantially, because it takes a while to pay off that debt.”

To be eligible, students must be in 11th or 12th grade but the program doesn’t just end with high schoolers.

“We are getting them before they get in debt for school. There is a great deal of student debt, and the kids are getting themselves in debt without knowing what they’re getting out of it,” continued Crider.

This fall, Virginia National Bank is holding free informational sessions throughout October for parents and students regarding this program.

“It’s free! The informational meeting is free. Will have refreshments also and the program itself is as well if they are accepted. We are going to accept eight people, eight students here in Charlottesville,” said Crider.

The informational sessions will be held on Oct. 6 and 12 from 6:30 p.m. to 8 p.m. at 404 People Place on the Basement Level in Charlottesville. Applications must be submitted no later than Nov. 30.

To find out more on how to apply and more on these informational sessions, click here.