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

Presidential Scholarship
Total Worth: $27,000
Eligibility: $27,000
Minimum Criteria: GPA 3.9+; SAT 1390+; ACT 30+

Dean’s Scholarship
Total Worth: $25,000
Eligibility: $25,000
Minimum Criteria: GPA 3.8+; SAT 1290+; ACT 27+

Academic Excellence Scholarship
Total Worth: $24,000
Eligibility: $24,000
Minimum Criteria: GPA 3.6+; SAT 1170+; ACT 24+

Austin College provides aids at an average of 35402 per student meeting 87% of students need. 100% of students with need receive financial aid at an average of 32493 need-based grant. They also provide other scholarships including Art Scholarships and Music Scholarships.