She was the first African-American woman to graduate from UI in 1906. Bousfield went on to become a math teacher and eventually the first black public school principal in Chicago.
Members of UI's Central Black Student Union say they're excited to hear her name will forever be linked to the university.
"It's both a great honor to the community, not only African-American community, but the African-American female community," said Keena Griffin. "It's a great connection to build a bond between the community members and the students at the university."
School officials hope naming the hall after Bousfield serves as an inspiration to students. The dorm opens this fall.