Yes, column names can be truncated (or) changed to the name you want
From your above select statement.
If you want to truncate 'Fee' column to 'Fe'. Here is the procedure -
col c1 heading "Fe" for a5
col c2 heading "ID" for 999
col c3 heading "smth" for a5
select fee c1,
ID c2,
smth c3
from visit;