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

Excellence and Equal Cost (EEC) Scholarship
Minimum Criteria: cumulative grade point average is among the top 10 in his or her graduating class
Requirement for maintenance: a B+ (3.3) grade average and accumulating at least 32 credits per year

Early College Opportunity Scholarship
Total Worth: up to full tuition
Eligibility: up to full tuition
Minimum Criteria: based on academic achievement

Bard Scholarships
Total Worth: $5,000 to $50,000 annually
Eligibility: $5,000 to $50,000 annually
Minimum Criteria: based on academic achievement

Bard College provides aids at an average of 50218 per student meeting 87% of students need. 100% of students with need receive financial aid at an average of 45673 need-based grant. They also provide other scholarships including Distinguished Scientist Scholarship (DSS) and Levy Economics Scholarship.