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

Leadership Scholarship
Total Worth: $40,000 in 4 years
Eligibility: $40,000 in 4 years
Separate application needed: No

Trustee Scholarship
Total Worth: $28,000 in 4 years
Eligibility: $28,000 in 4 years
Separate application needed: No

Presidential Scholarship
Total Worth: $20,000 in 4 years
Eligibility: $20,000 in 4 years
Separate application needed: No

Colorado College provides aids at an average of 49928 per student meeting 100% of students need. 100% of students with need receive financial aid at an average of 47140 need-based grant. They also provide other scholarships including El Pomar Scholarship and Athletic Scholarships.