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

Trustee Scholarship
Total Worth: $32,000 per year
Eligibility: $32,000 per year
Requirement for maintenance: a 2.00 cumulative GPA
Separate application needed: No

Presidential Scholarship
Total Worth: $29,000 per year
Eligibility: $29,000 per year
Requirement for maintenance: a 2.00 cumulative GPA
Separate application needed: No

Dean’s Scholarship
Total Worth: $24,000 per year
Eligibility: $24,000 per year
Requirement for maintenance: a 2.00 cumulative GPA
Separate application needed: No

Cornell College provides aids at an average of 30926 per student meeting 84% of students need. 100% of students with need receive financial aid at an average of 27868 need-based grant. They also provide other scholarships including Community Enrichment Award and Legacy Award.