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

The Branch Rickey Scholarship
Total Worth: $30,000 per year
Eligibility: $30,000 per year
Minimum Criteria: 3.4 cumulative GPA and accompanying 23 ACT or 1150 SAT
Requirement for maintenance: Good academic standing

Bishop/Recognition
Total Worth: up to $20,000
Eligibility: up to $20,000
Minimum Criteria: True potential for success
Requirement for maintenance: remain in good academic standing at OWU

Meek Community Service and Leadership Award
Minimum Criteria: Demonstrated commitment to service and leadership
Requirement for maintenance: remain in good academic standing and be involved with community service for the duration of their studies at OWU

Ohio Wesleyan University provides aids at an average of 36981 per student meeting 80% of students need. 100% of students with need receive financial aid at an average of 32215 need-based grant. They also provide other scholarships including Access Scholarship Program and Music Scholarships.