Providing universal free school meals to all pupils to primary three would cost about £46m a year, while to provide it to all pupils to primary seven would cost £103m a year.
To provide a free meal to all school pupils regardless of income would cost £202m a year.
The department has also looked at raising the household income up to which a family would qualify for free meals or a uniform grant to £20,000.
But its consultation on the plans said that there were "very severe pressures on the education budget".
"An increase in the number of pupils able to access a free school meal would not be affordable from within the current education budget and would require additional funding if any changes are to be implemented," it said.
The number of children living in poverty in Northern Ireland has increased in recent years.
The Assembly's Public Accounts Committee (PAC) recently called the Department for Communities' handling of the Child Poverty Strategy a "catalogue of failures," where children and families are not at its heart.
The consultation on free school meals and uniform grants runs until 14 February 2025.