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

Presidential Scholarship
Total Worth: Total $500,000 for a certain number of students decided by the university
Eligibility: Total $500,000 for a certain number of students decided by the university

Dean’s Scholarship
Total Worth: Total $250,000 for a certain number of students decided by the university
Eligibility: Total $250,000 for a certain number of students decided by the university

Named Scholarship
Total Worth: Total $100,000 for a certain number of students decided by the university
Eligibility: Total $100,000 for a certain number of students decided by the university

Sarah Lawrence College provides aids at an average of 35892 per student meeting 76% of students need. 98% of students with need receive financial aid at an average of 34059 need-based grant. They also provide other scholarships including George B. Adams Scholarship Fund and LeBurta Gates Atherton Scholarship Fund.