Yeah, New Jersey Institute of Technology does provide scholarships based on merit. Here are some of them:

Dean’s Scholarship
Total Worth: A prescribed amount of tuition and fees
Eligibility: A prescribed amount of tuition and fees
Minimum Criteria: Based upon your academic achievements
Requirement for maintenance: minimum GPA of 3.0, maintain Satisfactory Academic Progress (SAP), and adhere to University Code on Academic Integrity
Separate application needed: No

Honors Residential Scholarship
Total Worth: From $500 up to full room & board
Eligibility: From $500 up to full room & board
Separate application needed: No

Faculty Scholarships
Total Worth: Up to tuition minus other tuition-based award
Eligibility: Up to tuition minus other tuition-based award
Requirement for maintenance: minimum GPA of 3.0 (3.2 for Honors students), and be making Satisfactory Academic Progress
Separate application needed: Yes

New Jersey Institute of Technology provides aids at an average of 13628 per student meeting 51% of students need. 97% of students with need receive financial aid at an average of 12671 need-based grant. They also provide other scholarships including Athletics Scholarships and Architecture Design Competition Scholarships.