Yes, if you have the correct rights in the system, you can reword a question inside the Form Builder. As long as you don't change the answers (which would change the mapping), I've been able to do this before. I would caution that it is easy to mess things up to "click" them by accident, so if you aren't familiar with the Form Builder, it might be best to contact whoever built it in your district previously or contact support.
I am not seeing form builder, I am admin, but am finding I still need to give myself permissions to other things. So we can reword in the pre-made new student registration form?
Where is form builder?
From the main screen, there should be a Configuration icon on the left menu. Underneath that is Form Builder.