Create Text Path Within a Shape
This tutorial teaches how to create text within a path shape.
This tutorial is different than the next tutorial in that this tutorial types the text within (inside) the shape. Lesson 7 teaches how to create text on a path which follows outside the shape.
BUT WAIT! Lesson 7 actually shows both because when I went to record it, it just happened! See how easy it is! Watch the below video anyway because you might learn something, but be sure to watch the next lesson too.
See Course 2, Lesson 98 for how to utilize the file in Photoshop Elements.
Here is yet another video to help reinforce this technique for those who struggle.