It's not the power jack and it isn't my laptop. I tested both the brick and the laptop with my volt meter. I also used my brothers identical power cord and it charged no prob. I've also already managed to pinpoint the exact location of the broken wire, by bending it completely in half and taping it in place I'm able to get a charge. I will be cutting it apart to solder tomorrow morning. Like I said, I had this issue previously with my old laptop, it just didn't have that extra.. for lack of a better word, "thingy" on it.
If I can chop it off to free up an extra inch or so of wire then that's fantastic.
How badly could the interference effect my laptop without the ferrite bead? Should I maybe just use two extra lengths of copper wire to extend the negative and positive reach for my soldering? I've never noticed any issues with my old laptop. I still have it actually, I use it as my media center pc as it fits pretty easily into my entertainment stand where a DVD player would usually go.