public static void Main()
{
string serializedXml = "<Root><Students><Student>1</Student><Name>Old Name</Name><Age>33</Age></Students></Root>";
XDocument xmlDoc = XDocument.Parse(serializedXml);
xmlDoc.Descendants("Students").Elements("Name").Single().SetValue("New Name");
Console.WriteLine(xmlDoc);
Console.Read();
}
Output
<Root>
<Students>
<Student>1</Student>
<Name>
New Name </Name>
<Age>33</Age>
</Students>
</Root>