Yeah, Immaculata University does provide scholarships based on merit. Here are some of them:

Presidential Scholarship
Total Worth: full-time undergraduate tuition
Eligibility: full-time undergraduate tuition
Minimum Criteria: On the basis of GPA, class rigor, standardized test scores, class rank
Requirement for maintenance: a 3.25 GPA
Application deadline: January 15

Academic Scholarships
Total Worth: $5,000 to full tuition
Eligibility: $5,000 to full tuition
Minimum Criteria: On the basis of GPA, class rigor, standardized test scores, class rank
Requirement for maintenance: minimum cumulative GPA

Immaculata University provides aids at an average of 22600 per student meeting 18% of students need. 100% of students with need receive financial aid at an average of 4700 need-based grant. They also provide other scholarships including Legacy Grant and Business Advisory Board Scholarship.