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

Presidential Scholarship
Total Worth: $10,000 per year
Eligibility: $10,000 per year
Minimum Criteria: GPA 3.80 and SAT 1350 or ACT 29
Separate application needed: No

Provost’s Scholarship
Total Worth: $8,000 per year
Eligibility: $8,000 per year
Minimum Criteria: GPA 3.60-3.79 and SAT 1280-1340 or ACT 27-28
Separate application needed: No

Dean’s Scholarship
Total Worth: $6,000 per year
Eligibility: $6,000 per year
Minimum Criteria: GPA 3.40-3.59 and SAT 1200-1270 or ACT 25-26
Separate application needed: No

Colorado State University provides aids at an average of 11572 per student meeting 75% of students need. 92% of students with need receive financial aid at an average of 8904 need-based grant. They also provide other scholarships including Partnership Award and Native American Legacy Award.