Convert Text Element to Proper Case

Hey Folks,

Quick question: through vb.net is there a way to say, loop through selected text elements (in layout view) and convert the text to proper case? "CLASS III WETLAND" becomes "Class III wetland" (ignore the roman numerals, I'm expecting to have to manually modify that...as it would likely become 'iii' anyways.

I was hoping for a quick ArcObjects solution or possible Python solution. I'm an amateur at programming, so bear with me (I have a better understanding of VB.NET, but I do know that Python might be the faster route, if something like this exists).

Thanks!