Deku would be devastated. He has always seen Bakugo as both a rival and someone he deeply cares about. His reaction would likely be a mix of extreme grief and guilt. He might feel that he could have done more to protect Bakugo. Kirishima, who is Bakugo's friend, would be heartbroken. He would probably be filled with anger towards whatever caused Bakugo's death and would be determined to make the culprit pay. Ochaco and the other classmates would also be in shock. They would come together to support each other through the difficult time, but they would also feel a great sense of loss as Bakugo was an important part of their class dynamic.
Perhaps in the fanfic, Bakugo dies due to a tragic accident. For example, he could be involved in a training exercise that goes horribly wrong. His death would then shock the entire U.A. High School. His classmates would struggle to come to terms with it, and it might cause some of them to question the safety measures in place at the school. It could also be a turning point for the story, leading other characters to be more cautious and less reckless in their actions.
Uraraka would be heartbroken. She was one of Deku's closest friends. She might lose some of her usual cheerfulness and become more focused on finding out who or what was responsible for his death. She could also struggle with her own self - confidence in using her quirk, as Deku was always an inspiration to her.
Bakugo would be deeply affected. He might initially deny his feelings, but then would be filled with guilt for all the times he was mean to Deku. He could become more withdrawn and focused on becoming a hero worthy of Deku's sacrifice.
In this fanfic, it could be that Deku's quirk goes out of control during a training exercise. He loses the ability to contain his power and it ends up consuming him, resulting in his death. This would create a lot of self - reflection among the other students about the risks of their quirks and the importance of proper training and control.
Some villains and minor characters die, but the major heroes usually survive. It's hard to give a definite list as it depends on the story's progression.
Hermione would likely be devastated. She might go into a deep state of mourning, but also use her intelligence to try and figure out what led to Harry's death. Ron would be angry and heartbroken at the same time. He'd probably want to seek revenge if there was someone or something responsible.
I don't have that information. Maybe we'll have to keep reading the manga to find out who might meet an unfortunate end in season 7.
Ruby would be deeply saddened. She might blame herself for not being able to protect Blake. Weiss would probably be in shock at first, then become more determined to fight against whatever caused Blake's death. Yang would be furious and seek revenge. She has a very close bond with Blake, and her death would likely fuel Yang's anger towards the enemy.
Ron and Hermione would be completely shattered. Ron, who had been Harry's friend since the beginning, would probably be in denial at first. Hermione would likely try to figure out what exactly happened. Dumbledore would be solemn and would try to keep the school calm while also investigating the matter. Hagrid would be inconsolable, crying his eyes out. The other students would be in a state of shock and sadness. The teachers would also be deeply affected, especially those who had taught Harry or had some connection with him.
Sakura would be devastated. She has always seen Naruto as a dear friend and teammate. She would probably blame herself for not being strong enough to prevent his death. Sasuke, on the other hand, might feel a deep sense of loss and anger. He might go on a solitary journey to find out who was responsible.