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

Stamps Scholars Award
Total Worth: Full Scholarship (up to estimated cost of attendance) + one-time award $16,000 for academic development and leadership
Eligibility: Full Scholarship (up to estimated cost of attendance) + one-time award $16,000 for academic development and leadership
Minimum Criteria: 32–36 ACT or 1420–1600 SAT and 3.5 core GPA

Mark Twain Level 1
Total Worth: 100% nonresident fee waiver approximately $15,838
Eligibility: 100% nonresident fee waiver approximately $15,838
Minimum Criteria: 30–36 ACT or 1360–1600 SAT
Separate application needed: No

Chancellor’s Award
Total Worth: $6,500 per year
Eligibility: $6,500 per year
Minimum Criteria: 31–36 ACT or 1390–1600 SAT
Separate application needed: No

University of Missouri Columbia provides aids at an average of 11727 per student meeting 60% of students need. 96% of students with need receive financial aid at an average of 10495 need-based grant. They also provide other scholarships including Missouri Land Grant Honors and Army ROTC Scholarships.