"startup repair has tried several times"

Hello,

My desktop computer, that I built about 4 years ago, is having a major problem where it will not successfully start up. It flashes a blue screen with "process_initialization_failed"

Then brings me to a black screen that says Windows Error Recovery. There I have the options to boot windows regularly (which leads back to the blue screen,) or try to "Launch Startup Repair".

If I do that it fails and says "Startup Repair cannot repair this computer automatically."

At the Startup Repair screen I can "View diagnostic and repair details." If I do and scroll down to the bottom it says:
I don't know what to do to be honest! It just started having this problem this week. I suspect it's possibly an issue with the C drive that has the OS on it. It's a SSD that cost around 120 or bucks at the time. Earlier this year changed the OS from Windows 7 32-bit to 64-bit.

Any ideas on how I can fix this? I'm ok with wiping the C drive and re-installing everything (though not happy about it) since the important data is on the other hard drives.

EDIT: I should also note that last month I was having an issue with the video card's fan making a loud sound, but was able to fix it. OR at least it stopped making the sound after a while.