Likelihood of school brochure not featuring us (8)
I believe the answer is:
prospect
'likelihood of school' is the definition.
'prospect' can be an answer for 'likelihood' (I've seen this before). I'm unsure of the 'of school' bit.
'brochure not featuring us' is the wordplay.
'brochure' becomes 'prospectus' (I've seen this before).
'not featuring' suggests deleting specific letters.
'prospectus' with 'us' removed is 'PROSPECT'.
Can you help me to learn more?
(Other definitions for prospect that I've seen before include "Outlook, visa" , "Outlook or panorama" , "Expectation" , "Likely customer - search for gold" , "Search for gold - view - scene - probability" .)