You can change the caption on the button in the Translation section (https://prnt.sc/odvfuk). You can find the record with the needed Key and change the caption in the English (United States) - Default column. For example, here are such records for New Contact button caption (https://prnt.sc/odvgsn).
Thanks... It does work for existent sections, but it did not work for my new Students section. I changed the value of the new sections's "addNewRecordButtonCaption" from "New" to "New Student" in Translations, but button still shows "New"...