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

Trustee Scholarship
Total Worth: $25,000
Eligibility: $25,000
Minimum Criteria: Rank 1st or 2nd in your class (of more than 30 students) at the end of your junior year of high school.

Faculty Scholarship
Total Worth: $25,000
Eligibility: $25,000
Minimum Criteria: Top 20% of your class or a 3.65 GPA, SAT: 1310 or ACT: 29

Dean’s Scholarship
Total Worth: $22,000
Eligibility: $22,000
Minimum Criteria: Top half of your class or a 3.4 GPA , SAT: 1170 or ACT: 24

Lycoming College provides aids at an average of 39141 per student meeting 84% of students need. 100% of students with need receive financial aid at an average of 33058 need-based grant. They also provide other scholarships including Alumni Referral Scholarship and Music Scholarship.