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

Blanchard Presidential Scholarship
Total Worth: $64,000 ($16,000 per year)
Eligibility: $64,000 ($16,000 per year)

Edman Presidential Scholarship
Total Worth: $48,000 ($12,000 per year)
Eligibility: $48,000 ($12,000 per year)

Wheaton College provides aids at an average of 27369 per student meeting 84% of students need. 100% of students with need receive financial aid at an average of 23361 need-based grant. They also provide other scholarships including President’s Achievement Award and Don and Ann Church Scholarship.