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

Augsburg Promise Grant
Total Worth: total cost of tuition
Eligibility: total cost of tuition
Minimum Criteria: ACT of 20 or higher ; Cumulative GPA of 3.25 or higher

Regents’ Scholarship
Total Worth: $16,000 – $25,000 per year
Eligibility: $16,000 – $25,000 per year
Minimum Criteria: based on national test scores (ACT or SAT) and high school GPA

Augsburg College Access Program (ACAP) Scholarship
Total Worth: Minimum award of $16,000 per year
Eligibility: Minimum award of $16,000 per year
Minimum Criteria: based on national test scores (ACT or SAT) and high school GPA

They also provide other scholarships including Fine Arts Scholarship.