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For the 2026 school year, there are 2 public schools serving 621 students in Elwood, NJ (there are , serving 13 private students). 98% of all K-12 students in Elwood, NJ are educated in public schools (compared to the NJ state average of 86%).

The top-ranked public schools in Elwood, NJ are Mullica Township Primary School and Mullica Township Middle School. Overall testing rank is based on a school's combined math and reading proficiency test score ranking.

Elwood, NJ public schools have an average math proficiency score of 31% (versus the New Jersey public school average of 38%), and reading proficiency score of 47% (versus the 49% statewide average). Schools in Elwood have an average ranking of 4/10, which is in the bottom 50% of New Jersey public schools.

Minority enrollment is 31% of the student body (majority Hispanic), which is less than the New Jersey public school average of 62% (majority Hispanic).