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

The Park Scholarship
Total Worth: up to $109,500 in-state and up to $200,000 out-of-state, including tuition and fees, room and board, books and supplies, travel, and personal expenses
Eligibility: up to $109,500 in-state and up to $200,000 out-of-state, including tuition and fees, room and board, books and supplies, travel, and personal expenses
Minimum Criteria: Demonstrated exceptional academic ability, potential in leadership and service, and exemplary character
Application deadline: October 15

Goodnight Scholars Program
Total Worth: $19,500 per year
Eligibility: $19,500 per year
Minimum Criteria: Family Income less than $110,000 and Demonstrate a history of exceptional academic performance
Separate application needed: Yes
Application deadline: January 15

Chancellor’s Leadership Scholarship
Total Worth: $5,000 per year
Eligibility: $5,000 per year
Minimum Criteria: Demonstrated leadership potential, academic achievement, personal talent, unique work/service experience and an understanding of and an appreciation for diversity, demonstrated financial need and Minimum cumulative GPA 3.0
Separate application needed: Yes
Application deadline: February 15

North Carolina State University provides aids at an average of 13222 per student meeting 77% of students need. 98% of students with need receive financial aid at an average of 10144 need-based grant. They also provide other scholarships including Shelton National Leadership Scholarship.