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

Creative Achievement Scholarship
Total Worth: up to $20,000
Eligibility: up to $20,000
Minimum Criteria: based on a student’s academic achievement and creative ability
Requirement for maintenance: good academic standing
Separate application needed: No
Application deadline: February 1

CCA Scholastic Awards
Minimum Criteria: National recipients of Portfolio Gold Medalists in Art , Portfolio Silver Medalist and Portfolio Silver Medalists with Distinction in Art , Individual Gold Medalists, American Visions Medalists, and Sponsored Award Recipients (seniors only)

California College of the Arts provides aids at an average of 33562 per student meeting 14% of students need. 100% of students with need receive financial aid at an average of 29959 need-based grant. They also provide other scholarships including Diversity scholarships.