You can capture video from miniDV and Digital8 camcorders over a FireWire (IEEE-1394) connection using the free download WinDV. This video will be saved as DV-AVI footage, which you can then edit easily in Premiere Elements. (That's for Windows. You don't say what operating system you're using.)
If your video is analog or you do not have a FireWire connection on your computer, it's still possible using third-party software and hardware, but the process isn't quite as clean.