The portion of the government´s budget invested in educational projects continues to grow. In particular, the digitalization of education due to COVID-19 is facilitating many such projects. The government plans to conduct large-scale financial endeavors, such as establishing a K-Edu integrated platform. Due to the expansion of government-led educational projects, it is necessary to analyze the feasibility of these undertakings to ensure appropriate budget use. Feasibility analyses of large-scale financial projects with national budgets have primarily been limited to the construction, informatization, and R&D sectors. Moreover, the feasibility analyses of educational projects have taken limited approaches. This study serves is to develop a feasibility analysis frame that may be used to ensure the feasibility of educational funding projects. To that end, researchers conducted a literature review, expert interviews, focus group interviews, and an expert review. Using a focus group interview with three preliminary feasibility analysis experts, we explored the application of the existing preliminary feasibility analysis framework for educational funding projects. As a result of the research, a feasibility analysis framework (technical, policy, and economic feasibility) was developed to reflect the characteristics of the educational project. We present an example of the framework s application to the cyber high school establishment plan, proposing the suitability and usability of the former. The feasibility analysis framework presented in this study is expected to meaningfully contribute to policy decisions for future educational projects.