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

Presidential Scholarship
Total Worth: $4,000 to $7,000
Eligibility: $4,000 to $7,000
Minimum Criteria: 3.8 or higher high school cumulative grade point average and composite ACT score of 32 or higher or score of 1430 or higher on the new SAT combined score on the Evidence-Based Reading and Writing and Math
Requirement for maintenance: 3.5 cumulative grade point average and Satisfactory Academic Progress at Grand Valley
Requires full-time enrollment

Award for Excellence Scholarship
Total Worth: Michigan Resident: $5,000 Non-Michigan Resident: $5,000 plus the difference between full-time Michigan resident tuition and non-resident tuition
Eligibility: Michigan Resident: $5,000 Non-Michigan Resident: $5,000 plus the difference between full-time Michigan resident tuition and non-resident tuition
Minimum Criteria: 3.5 or higher high school cumulative grade point average and composite ACT score of 26 or higher or score of 1240 or higher on the new SAT combined score on the Evidence-Based Reading and Writing and Math
Requirement for maintenance: 3.25 cumulative grade point average and Satisfactory Academic Progress at Grand Valley
Requires full-time enrollment

Laker Scholarship
Total Worth: Michigan Resident: $2,000 Non-Michigan Resident: $2,000 plus the difference between full-time Michigan resident tuition and non-resident tuition
Eligibility: Michigan Resident: $2,000 Non-Michigan Resident: $2,000 plus the difference between full-time Michigan resident tuition and non-resident tuition
Minimum Criteria: 3.3 or higher high school cumulative grade point average and a composite ACT score of 23 or higher or score of 1140 or higher on the new SAT combined score on the Evidence-Based Reading and Writing and Math
Requirement for maintenance: 2.85 cumulative grade point average and Satisfactory Academic Progress at Grand Valley
Requires full-time enrollment

Grand Valley State University provides aids at an average of 10902 per student meeting 66% of students need. 98% of students with need receive financial aid at an average of 8257 need-based grant. They also provide other scholarships including GV Grant and Grand Valley Grant.