So, im trying to make a montage with text in it. I would like to make the text last about 2-3 seconds, but it always seems to last about 5, and I don't know how to change it!! Can somebody please assist me? I am very new to this program and I am so lost. Thank you very much!
Well, it largely depends on which version of the program you're using and in which mode you're editing.
But basically you just trim the length of the title on your timeline, just as you'd shorten (or lengthen) any clip.
What version of Premiere Elements are you using and on what computer operating system is it running?
This is an Adobe Document on Titles targets for versions 11 and 12 (including details of titles trimming) that may be of interest
Please do not hesitate to ask for clarification if needed, but only after you supply the details necessary for us to help you.