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

Alumni Scholarship
Total Worth: $10,000 to $22,000 per year
Eligibility: $10,000 to $22,000 per year
Minimum Criteria: Based on academic achievements
Separate application needed: No

Alumni Opportunity Grant
Total Worth: $5,000 to $10,000 per year
Eligibility: $5,000 to $10,000 per year
Minimum Criteria: Based on academic achievements
Separate application needed: No

International Student Awards
Total Worth: $1,000 per year to full tuition
Eligibility: $1,000 per year to full tuition
Minimum Criteria: Based on academic achievements
Requirement for maintenance: enroll full time, maintain a 3.0 cumulative grade point average, and achieve satisfactory academic progress

Illinois Wesleyan University provides aids at an average of 36363 per student meeting 87% of students need. 100% of students with need receive financial aid at an average of 30758 need-based grant. They also provide other scholarships including Alumni Fine Arts Award and Jennings Music Scholarship for Non Majors.