Absolutely right about college. I entered the University of Missouri, Columbia in 1969 and think the annual tuition was about $700. Ten times that today would be $7,000, but most in-state tuition seems to start at about twice that. College education inflation has far outstripped general inflation rates.
University of Missouri tuition is less than $7,000 today. You must be thinking of the "total cost" including room, board, and books, when you think of $14,000.
http://www.missouristate.edu/registrar/capit/faq.htm#Standard_Tuition_Plan