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

DeWitt Wallace Distinguished Scholarships
Requirement for maintenance: Make satisfactory progress toward graduation
Separate application needed: No

Catharine Lealtad Scholarships
Minimum Criteria: Strong high school records
Requirement for maintenance: Make satisfactory progress toward graduation
Separate application needed: No

Charles J. Turck Presidential Honor Scholarship
Total Worth: $12,500 to $15,000 per year
Eligibility: $12,500 to $15,000 per year
Minimum Criteria: Demonstrate special potential to excel academically
Separate application needed: No

Macalester College provides aids at an average of 47580 per student meeting 100% of students need. 100% of students with need receive financial aid at an average of 42208 need-based grant. They also provide other scholarships including Friends of Music Award.