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

Presidential Scholarship
Total Worth: $26,000 annually
Eligibility: $26,000 annually
Minimum Criteria: 28 ACT composite score or higher (1310 to 1340 combined SAT score in math and evidence-based reading and writing) and rank in the top 10 percent of their high school class
Requirement for maintenance: full-time enrollment and an Augustana cumulative 3.0 GPA
Separate application needed: No

Dean’s Scholarship
Total Worth: $25,000 annually
Eligibility: $25,000 annually
Minimum Criteria: 25 to 27 ACT composite score (1200 -1300 combined SAT score in math and evidence-based reading and writing) and rank in the top 20 percent of their high school class
Requirement for maintenance: full-time enrollment and an Augustana cumulative 2.75 GPA
Separate application needed: No

Founders Scholarship
Total Worth: $23,000 annually
Eligibility: $23,000 annually
Minimum Criteria: 23 to 24 ACT composite score or higher (1130 to 1190 combined SAT score in math and evidence-based reading and writing) and rank in the top third of their high school class
Requirement for maintenance: full-time enrollment and an Augustana cumulative 2.5 GPA
Separate application needed: No

Augustana College provides aids at an average of 32193 per student meeting 87% of students need. 100% of students with need receive financial aid at an average of 26317 need-based grant. They also provide other scholarships including Theatre Scholarships and Art Scholarship.