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

James B. Duke Scholarships
Total Worth: Full tuition
Eligibility: Full tuition
Minimum Criteria: 34 on the ACT or 1500 on the SAT I.

John D. Hollingsworth Scholarships
Total Worth: $35,000 per year
Eligibility: $35,000 per year
Minimum Criteria: Based on academic performance

Charles H. Townes Scholarships
Total Worth: $35,000 per year
Eligibility: $35,000 per year
Minimum Criteria: Based on academic performance

Furman University provides aids at an average of 38887 per student meeting 83% of students need. 100% of students with need receive financial aid at an average of 36996 need-based grant. They also provide other scholarships including Athletic Scholarships and Music Scholarships.