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

Albion Scholarships
Total Worth: $17,000 to $27,000 per year
Eligibility: $17,000 to $27,000 per year
Minimum Criteria: outstanding academic records; demonstrate potential for future success
Requirement for maintenance: satisfactory academic progress
Separate application needed: No

Albion College provides aids at an average of 44414 per student meeting 93% of students need. 100% of students with need receive financial aid at an average of 40241 need-based grant. They also provide other scholarships including Bernard T. Lomas Scholarship and David Randall Chemistry Scholarship.