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

President’s Scholarship
Total Worth: $30,000
Eligibility: $30,000
Minimum Criteria: GPA: 3.90, SAT: 1330, ACT: 29

Dean’s Scholarship
Total Worth: $24,000
Eligibility: $24,000
Minimum Criteria: GPA: 3.50-3.74, SAT: 1200-1250, ACT: 25-26

Alumini Award
Total Worth: $17,000
Eligibility: $17,000
Minimum Criteria: GPA: 3.00-3.24, SAT: 1030-1120, ACT: 20-22

Wabash College provides aids at an average of 40879 per student meeting 97% of students need. 100% of students with need receive financial aid at an average of 34044 need-based grant. They also provide other scholarships including Honor Scholarship and Snodell Scholarships.