Has anyone experienced a private loan provider forcing you to pay off your loan in a 7 year term? This is about to happen to me.. payments will be almost $700 a month

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I have not seen that. The terms of your loan, including payoff, were disclosed at the time of signing. You would have to sign something if it changed. I'd call the bank and ask them what's happening.

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See my other comment to EY1, but I knew it was going to convert to a loan from a line of credit after 24 months out of school. I just didn't know the term would have to be 7 years. With the interest rate being 7.2% (up from 2.5% when I originally signed), a 7 year term is a bit much.

What were the original terms of the loan? Or are you refinancing?

It was a student line of credit to begin with, interest only payments (prime rate) while in school and for 24 months afterwards. I knew it would then convert to a loan, but I can't find anywhere that they disclosed to me that the term would be 7 years.

Refinance or file bankruptcy

I don’t think you can put student loans on a bankruptcy

You should be able to choose whatever term you want. If you are not able to make those payments then call back customer service and explain your circumstances before asking them for something more fitting your budget

Thank you, I will call and try to explain

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