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

National and Regional McCabe Scholarships
Total Worth: Starting from minimum tuition grant up to full cost of tuition, fees, room, and board, depending on financial need
Eligibility: Starting from minimum tuition grant up to full cost of tuition, fees, room, and board, depending on financial need
Separate application needed: No

Swarthmore College provides aids at an average of 52104 per student meeting 100% of students need. 100% of students with need receive financial aid at an average of 50505 need-based grant.