TL;DR
Yes. Milk freezes well for about 3 months, but it separates as it thaws — a hard shake brings it back together for cooking, baking, and cereal.
Milk is one of those things you buy on a schedule, and then the schedule changes — a trip, a kid who suddenly hates cereal, a carton you grabbed on sale. Freezing keeps it from going down the drain.
What trips people up isn't whether it freezes, it's what it looks like afterward. Thawed milk isn't identical to fresh, and knowing that ahead of time changes how you use it.
Best way to freeze milk
Freeze milk in a sealed container with a little room at the top because liquid expands when frozen. If the original container is completely full, pour out a small amount first.
How long frozen milk lasts
Milk usually keeps good quality for a few months in the freezer. It stays safest when kept cold the entire time and thawed in the refrigerator.
What happens after thawing
Thawed milk can separate slightly, so shake it well before using. The texture is often best for cereal, baking, cooking, or smoothies.
Freezing milk is a simple way to stretch a carton instead of tossing it. Just leave headspace, shake well after thawing, and steer it toward cooking and baking rather than a cold glass.