By "standard" I assume you mean "slope-intercept."
The form you have it in is "point-slope"
"slope intercept form" comes in the form [tex]y=mx+b[/tex]
Therefore the form would be:
[tex]y=\frac{5}{4}x-\frac{15}{2}-7[/tex]
[tex]\boxed{y=\frac{5}{4}x-\frac{29}{2}}[/tex]
