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

Dr. Betty Lovelace Scholarship
Total Worth: $5,000 to full tuition
Eligibility: $5,000 to full tuition
Minimum Criteria: Based on superior academic achievement, outstanding leadership and personal merit
Requirement for maintenance: Maintain a 2.0 GPA
Separate application needed: No

David Everett Reese Family Foundation Scholarship
Total Worth: $5,000 to full tuition
Eligibility: $5,000 to full tuition
Minimum Criteria: Based on superior academic achievement
Requirement for maintenance: Maintain a 2.0 GPA
Separate application needed: No

Dr. Desmond Hamlet Scholarship
Total Worth: $5,000 to full tuition
Eligibility: $5,000 to full tuition
Minimum Criteria: Based on superior academic achievement, outstanding leadership and personal merit
Requirement for maintenance: Maintain a 2.0 GPA
Separate application needed: No

Denison University provides aids at an average of 39755 per student meeting 89% of students need. 100% of students with need receive financial aid at an average of 20710 need-based grant. They also provide other scholarships including Michele Myers Fellowship in the Arts and Music Scholarships.