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

Richard P. Saunders President Scholarship
Minimum Criteria: Based on accomplishments and commitments in the classroom and the community
Separate application needed: No

Alfred Mitchell Bingham Scholarship
Minimum Criteria: Demonstrated student leadership
Separate application needed: No

Annie Tiffany Mitchell Scholarship
Minimum Criteria: Based on student’s contribution to their community
Separate application needed: No

Mitchell College provides aids at an average of 22393 per student meeting 58% of students need. 98% of students with need receive financial aid at an average of 19245 need-based grant. They also provide other scholarships including Transfer Scholarships and Grants and Sibling Scholarship.