Frazeysburg is located in the Tri-Valley Local School District, with children attending school in Frazeysburg for grade school and schools in Dresden for intermediate and high school. The original Frazeysburg High School building was built in the early 1900s, with the sports teams known as the Red Raiders (thus the reason state route 16 in northwest Muskingum County is named Raiders Road). The school was renamed Frazeysburg-Nashport High School after the closure of Nashport High School due to the creation of Dillon Lake. In 1966, Frazeysburg-Nashport High School merged with Jefferson High School and Adamsville High School to form Tri-Valley High School, which was constructed in Dresden. The old high school building in Frazeysburg then served many years as a junior high school for students from Nashport, Frazeysburg, and Dresden. It then served as an Intermediate School, containing fifth and sixth graders. The old high school was torn down in August 2008, with a time capsule being discovered in the building.
The old Frazeysburg Elementary still stands at 68 N. State Street and is the Village's municipal building and community center.
Elementary students now attend school at one of four matching elementary buildings which is located at 130 E. Third Street.