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

Walter & Emma Malone Scholarship
Total Worth: $18,000
Eligibility: $18,000
Minimum Criteria: SAT 1310+; ACT 28+ ; GPA 3.7+

Trustee Scholarship
Total Worth: $16,000
Eligibility: $16,000
Minimum Criteria: SAT 1240+; ACT 26+ ; GPA 3.29+

Deans Scholarship
Total Worth: $13,500
Eligibility: $13,500
Minimum Criteria: SAT 1130+; ACT 23+ ; GPA 2.99+

Malone University provides aids at an average of 27995 per student meeting 82% of students need. 100% of students with need receive financial aid at an average of 24250 need-based grant. They also provide other scholarships including Alumni Scholarship and Pastor/Missionary Dependent Scholarship.