rook2c4 wrote:
An easier, quicker way: Draw a border with the marquee tool, invert the selection for the border area, then go to adjustments and increase brightness in the selected area. Deselect and you're done!
Don't think of the border as being transparent, but rather as simply being brighter than the rest of the image.
That price increase, though minimal when broken down by month, does make the one-time purchase price of PS Elements seem quite the bargain - not to mention what the PS/LR users get!