School is approaching end of term, creating division (6)
I believe the answer is:
schism
'division' is the definition.
(I know that schism is a type of division)
'school is approaching end of term' is the wordplay.
'school' becomes 'sch' (abbreviation).
'approaching' means one lot of letters go next to another.
'end of' suggests the final letters.
The last letter of 'term' is 'm'.
'sch'+'is'+'m'='SCHISM'
'creating' acts as a link.
(Other definitions for schism that I've seen before include "Splinter group" , "Split (usually in church)" , "Formal separation of one church into two" , "(Ecclesiastical) division" , "Formal split in a religion" .)