UPDATE from SELECT with INNER JOIN in SQL Database
Since there are too many replies of this post, which are most heavily up-voted, I thought I would provide my suggestion here too. Although the question is very interesting, I have seen in many forum sites and made a solution using INNER JOIN with screenshots.
At first, I have created a table named with schoolold and inserted few records with respect to their column names and execute it.
Then I executed SELECT command to view inserted records.

Then I created a new table named with schoolnew and similarly executed above actions on it.

Then, to view inserted records in it, I execute SELECT command.

Now, Here I want to make some changes in third and fourth row, to complete this action, I execute UPDATE command with INNER JOIN.

To view the changes I execute the SELECT command.

You can see how Third and Fourth records of table schoolold easily replaced with table schoolnew by using INNER JOIN with UPDATE statement.