I just wanted to go against the grain here and say that moving to LA before you have a job is honestly not as crazy as it sounds.
After I graduated, I thought I had a pretty solid portfolio, but the only responses I got were along the lines of “Hit us up if you’re ever in LA!” (at the time I didn’t know that summer is a notoriously slow time for VSFX regardless.)
Frustrated, I saved up just enough money to move out to LA. When my move was done I had $200 to my name and a job that paid $8/h. I managed to live that way in LA for 8 months (and I don’t mean in “the Valley” or Sherman Oaks or whatever - I had a legit LA address on nearly minimum wage with zero savings.) I’ve now been at one of the large VSFX facilities for over a year and I doubt they would have given me the light of day had I not happened to already be in LA when they were hiring.
My roommate moved to LA in February for similar reasons and has survived this long with no legitimate job. It is scary and insane seeming, but doable, and definitely not as insane as piling on 80k in debt. It only takes a $100 Greyhound ticket to call it a day and move back home if you truly have to.
Also, if you come out here (or for anyone who does) - GET YOUR FOOT IN THE DOOR HOWEVER YOU CAN. I cannot emphasize this enough! Apply for anything and everything you are remotely qualified for that is even vaguely related to what you want to really do. It is amazing what a small world it is once you’re out here.