I hate elements. Get there real deal. I think elements lacks valuable tools. I tired to use PS elements at work and I was going nuts trying to just add in a copied layer mask. I found out that it wasn't possible.
Best thing is to find an older copy of PS online; like ebay or craigslist. If you can find a version of cs2 or cs your be happy with the software and the money you would save. BTW, how much is elements 6 going for?
Bah. Elements is awesome, especially considering how (relatively) cheap it is. It'll do much more than you'll ever need, unless you're a pro. Photoshop is a waste of money for the vast majority.
You can get Elements 5, which is what I use, for probably $30 to $35 on ebay. Try it; if you don't like it, turn around and sell it for likely what you paid.