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

Griffith Scholarship
Total Worth: Full cost of tuition, room, board, and fees
Eligibility: Full cost of tuition, room, board, and fees
Minimum Criteria: Exceptional academic achievement, leadership ability and potential, and outstanding personal character
Application deadline: December 1

Founders Scholarship
Total Worth: $23,000
Eligibility: $23,000

Highlander Scholarship
Total Worth: $20,000
Eligibility: $20,000

Presbyterian College provides aids at an average of 36977 per student meeting 86% of students need. 100% of students with need receive financial aid at an average of 31642 need-based grant. They also provide other scholarships including Alumni Referral Scholarship and Athletic Scholarships.