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

Mathias J. Devito Scholarship Program
Total Worth: $40,000 over 4 years
Eligibility: $40,000 over 4 years
Minimum Criteria: Demonstrate talent and promise based on a portfolio of artwork, high personal character and interest in social and cultural context of making art
Separate application needed: No

Fanny B. Thalheimer Scholarships
Total Worth: $16,000 to $60,000 over 4 years
Eligibility: $16,000 to $60,000 over 4 years
Minimum Criteria: Outstanding studio abilities and academic achievement
Separate application needed: No

Fred and Jonna Lazarus Scholarship
Total Worth: $30,000 over 4 years
Eligibility: $30,000 over 4 years
Separate application needed: No

Maryland Institute College of Art provides aids at an average of 24536 per student meeting 90% of students need. 100% of students with need receive financial aid at an average of 6858 need-based grant.