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

Filmmakers Scholarship
Total Worth: $9,000 per academic year
Eligibility: $9,000 per academic year
Requirement for maintenance: full-time enrollment and minimum CGPA of 3.50
Separate application needed: Yes
Application deadline: March 2

Greenlight Scholarship
Total Worth: $1,000 in tuition assistance per quarter up to a maximum of $16,000
Eligibility: $1,000 in tuition assistance per quarter up to a maximum of $16,000
Requirement for maintenance: full-time enrollment and minimum CGPA of 2.50
Separate application needed: Yes
Application deadline: March 2

They also provide other scholarships including Artists Access Scholarship.