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

Trustee Scholarship
Total Worth: Full tuition
Eligibility: Full tuition
Minimum Criteria: Based on academic records
Separate application needed: No
Application deadline: December 1

Edward Beecher Scholarship
Total Worth: $13,000 – $21,000 per year
Eligibility: $13,000 – $21,000 per year
Minimum Criteria: Based on academic records
Separate application needed: No

Illinois College Opportunity Scholarship
Total Worth: $12,000 per year
Eligibility: $12,000 per year
Minimum Criteria: Based on academic records
Separate application needed: No

Illinois College provides aids at an average of 29646 per student meeting 90% of students need. 100% of students with need receive financial aid at an average of 25391 need-based grant. They also provide other scholarships including Phi Theta Kappa Scholarship.