The major investment saw the remodelling and renovation of the 151-year-old building and a vacant adjoining school house to provide additional learning space.
All four classrooms are now located in the main school building and have been transformed into modern, bright and fully equipped learning spaces.
Headteacher Maxine Barwick said: "It has been amazing to have all the children back in the school, working away and learning together.
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"The building is bright and modern, but still feels like the primary school we all know and love so I’m delighted to get the first week under our belts and see all the children happy to be back home.
"Obviously there are still Covid restrictions in place so we're looking forward to having the building fully re-opened to families and the community as soon as possible and we'll do our best to have a proper welcome back for the people of Aberfoyle."
The Council worked closely with a conservation architect and the Loch Lomond and Trossachs National Park Planning Authority to ensure sympathetic restoration and refurbishment of the structure, which dates back 1870.
The main works at the school, which has a capacity of 100, were due to start in spring 2020 but were delayed until last summer due to the first Covid-19 lockdown.
