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

Meredith Legacy Scholarship
Minimum Criteria: Unweighted high school GPA of 3.8
Separate application needed: No

Presidential Scholarships
Total Worth: Full Tuition
Eligibility: Full Tuition
Minimum Criteria: Unweighted high school GPA of 3.8
Separate application needed: No

First-Year Academic Merit Scholarships
Total Worth: 17,000-21,000
Eligibility: 17,000-21,000
Separate application needed: No

Meredith College provides aids at an average of 26518 per student meeting 77% of students need. 100% of students with need receive financial aid at an average of 23300 need-based grant. They also provide other scholarships including STEM Scholarships and Music Scholarship.