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

Presidential Scholarship
Total Worth: $15,000 per year
Eligibility: $15,000 per year
Minimum Criteria: GPA: 3.8 with an average ACT: 28.
Separate application needed: No

Dominican Scholarship
Total Worth: $12,000 per year
Eligibility: $12,000 per year
Minimum Criteria: GPA: 3.7 with an average ACT: 26.
Separate application needed: No

Washburn Scholarship
Total Worth: $11,000 per year
Eligibility: $11,000 per year
Minimum Criteria: GPA: 3.5 with an average ACT: 24.
Separate application needed: No

Edgewood College provides aids at an average of 22039 per student meeting 79% of students need. 100% of students with need receive financial aid at an average of 17033 need-based grant. They also provide other scholarships including Alumni Award and Bonner Leaders Award.