Yeah, University of Central Oklahoma does provide scholarships based on merit. Here are some of them:

University Baccalaureate Scholarship
Total Worth: Full tuition
Eligibility: Full tuition
Minimum Criteria: 30 ACT; Minimum 3.5 GPA
Separate application needed: No
Application deadline: February 1

Freshman Achievement Scholarship
Total Worth: up to $2,000 per year
Eligibility: up to $2,000 per year
Minimum Criteria: Based on High School GPA and SAT/ACT scores
Separate application needed: No
Application deadline: February 1

Freshman Honors Scholarship
Total Worth: up to $1,250 per year
Eligibility: up to $1,250 per year
Minimum Criteria: Based on High School GPA and SAT/ACT scores
Separate application needed: No
Application deadline: February 1

University of Central Oklahoma provides aids at an average of 10459 per student meeting 52% of students need. 96% of students with need receive financial aid at an average of 1541 need-based grant. They also provide other scholarships including UCO Legacy Scholarship.