Yeah, Columbia College does provide scholarships based on merit. Here are some of them:

CC Opportunity Grant
Total Worth: $4,000 per year
Eligibility: $4,000 per year
Minimum Criteria: SAT 890 or ACT 18
Separate application needed: No

Columbia College provides aids at an average of 26965 per student meeting 92% of students need. 100% of students with need receive financial aid at an average of 19843 need-based grant. They also provide other scholarships including Momentum Scholarship and Music Scholarship.