React async useEffect with loading and error state

This is my first time trying to add clean error handling and loading notification for async requests in my project. It looks kind of bulky to me, but maybe that’s because I’m inexperienced? This is what I have at the top of all my index-like components. I also thought maybe it was a good target for a custom hook, but I haven’t made any before.
getClasses is a Redux thunk action, and classes also comes from a Redux slice of state.

const ClassIndex = ({ classes, getClasses }) => {
  const [isLoading, setIsLoading] = useState(false);
  const [error, setError] = useState("");

  useEffect(() => {
    const fetchClasses = async () => {
      try {
        setIsLoading(true);
        setError("");
        await getClasses();
        setIsLoading(false);
      } catch (error) {
        setIsLoading(false);
        setError("There was an error finding your classes.");
      }
    };
    fetchClasses();
    return () => {
      setError("");
      setIsLoading(false);
    };
  }, [getClasses]);

For async requests I suggest you to use react-query package. Which return you isLoading and isError for per request. And you don’t need to create additional local state.

With react-query I can reduce all of your code just to 4 lines.

  const { isLoading, data, error } = useQuery('key', async () => {
    const res = await axios.get('link')
    return res.data
  })

isLoading flag need to be converted to true in finally case. Then we just remove unnecessary setIsLoading(false); in catch and after getClasses request

    const fetchClasses = async () => {
      try {
        setIsLoading(true);
        setError("");
        await getClasses();
      } catch (error) {
        setError("There was an error finding your classes.");
      } finally {
        setIsLoading(false);
      }
    };
    fetchClasses();