Hey Daron,
I am no pro but I have fixed a few badly broken neck so they have come out like new, at least they play the same and you need to look hard to find the repair. Now I am not suggesting that you should tackle this yourself if you don't have the tools and hand skills already, you would really want to be fixing some cheapies first to get your chops up before you take to your Fender. But, you can get an idea of the process by checking out Frank Fords excellent website Frets.com.
http://frets.com/FRETSPages/Luthier/Technique/Structural/BrokenHeadstocks/LongBreak/longbreak.htmlhttp://frets.com/FRETSPages/Luthier/Technique/Structural/BrokenHeadstocks/HybridRepair/59d28peghead.htmlOnce you know yourself what needs doing, you are less likely to be hood winked be some unskilled buffoon who has not got a clue at all and just wants to take your money ruining your guitar in the process. In knowing, you are more likely the choose the right repairer and have this done professionally as JJ suggest and if you do, I think you will be very pleasantly surprised, even shocked at how successful this kind of repair can be. It really is amazing just what a good repair dude can do.
Cheers
Kim